Fannie Mae-No Politics (FNMA)

[Rodney5]

Robert,
It’s already in court.

AGAIN

The SCOTUS sent the case back to the lower court to CALCULATE DAMAGES in Judge Lamberth’s court room and ended in a hung jury. My understanding is the case will come up again in the future, not sure when.

What was absolutely stupid the plaintiffs asked for damages in the amount of lost dividends!!!

THE SCOTUS sent it back to CALCULATE DAMAGES. And it doesn’t matter if the Third Amendment NWS was declared legal or illegal.

What matters is the Optional Pay Down of Liquidation Preference.

AGAIN

LOST VALUE!

We have lost both companies to the Treasury!

VALUE

Quote: “Intrinsic value is an all-important concept that offers the only logical approach to evaluating the relative attractiveness of investments and businesses. Intrinsic value can be defined simply: It is the discounted value of the cash that can be taken out of a business during its remaining life.” – Warren Buffett" End of Quote

The Shareholders have lost both companies to the Treasury. ALL THE CASH THAT CAN BE TAKEN OUT OF THE BUSINESS DURING ITS REMAINING LIFE.

The Net Worth Sweep was by design sweeping all the net worth to shut the companies down, to wind down the companies to zero, -0- dollars. To never allow the companies ever again to be returned to the shareholders. The shareholders have lost both companies to the Treasury with this sweep of the net worth of Fannie and Freddie.

What is the Value of this Loss?

Quoted share price and value or two very different calculations.

The share price as of today's trading has absolutely nothing to do with the VALUE of Fannie and Freddie. The share price the day before or the day after the net worth sweep has absolutely nothing to do with the VALUE of the companies.

Value is a calculation of Property, Plant and Equipment and most important EARNINGS POWER OF THE BUSINESS.

JUSTICE BREYER: Quote: “Thank you. I think in reading this you could, with trying to simplify as much as possible, do you -- the shareholders' claim as saying we bought into this corporation, it was supposed to be private as well as having a public side, and then the government nationalized it. That's what they did. If you look at their giving the net worth to Treasury, it's nationalizing the company. Now, whatever conservators do and receivers do, they don't nationalize companies. And when they nationalized this company, naturally they paid us nothing and our shares became worthless. And so what do you say?” End of Quote, page 12

Link: https://www.supremecourt.gov/oral_arguments/argument_transcripts/2020/19-422_3e04.pdf