Prior to the concept of hera, fhfa, the conservatorship, and the equity sweep...
there were two companies. These companies had shareholders with ownership stakes that granted them certain rights. Rights that included appointing directors and thru directors management and thru management the economic interests of those results.
What changed?
A law was written that authorized the formation of fhfa and gave them rights the superseded the shareholders... THAT IS A TAKING... a taking or appropriation of rights.
Next fhfa actually took our rights in that they placed themselves ahead of us ... they fired our directors and usurped our authority. THAT IS ANOTHER TAKING.. We no longer operated our entities... and they put in place a financing arrangement - between themselves granting them a warrant for our economic interest along with a usurious interest rate on spoon feed $$ of 10%... THAT IS A TAKING...
Then, they created a further thing of granting themselves 100% equity interest in our companies, current income and liquidation preferences which is also a TAKING.
Now they've denied all of this all along the path of frogs in hot water theory... put them in and turn up the heat and cook the poor frog.... well folks we are the frogs and we've completely been TAKEN.
I mean this is so simple. How can people not understand it when put in simple forms and not allowing others to change the narrative.
The concept of "best interest" of public... has to be paid for. They've not done that and inspite of all they've done the economic engine of fannie and freddie have only gotten better as they've driven others out out of the market place because only they were sound and safe at the time ie. back in 2008.
This is a total theft. The government should settle this case now. It will take around 350 Billion; but settle it they must - its in the best interest of the public they serve. Which is the American People... all of them. Not just a select few.
