Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The government lawyers will likely argue to the Jury that shareholders knew or should have known that the federal government backing of the corporations was everything for these corporations and given their losses from 2008 through 2012, it was easily foreseeable that the federal government would require substantial commitments from the corporations including impediments on their future profitablity and therefore the Net Worth Sweep was foreseeable by shareholders, many of which are institutional investors.

But that's not right BECAUSE:

(1). Susan McFarland (CFO of Fannie Mae at the time of the NWS) said that the companies will be able to pay the 10% dividend on the bailout funds and that the $50 billion DTA would be available.

(2) The MBS guarantee is clearly stated in BOLD on the front page of every MBS that it is not backed up by the US Government

(3). These corporations were chartered by Congress in 1968 and 1970 as private corporations not federal agencies.

(4). The overwhelming evidence points to the motivations for the 3rd Amendment was to make sure that theses corporations "never go pretend private again" and designed to destroy Plaintiff Shareholder Value.