Fannie Mae-No Politics (FNMA)

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PAGE 5 - "The parties do not dispute that because of that provision, the GSEs were contractually prohibited from paying down the Liquidation Preference ..."

PAGE 16 - "First, before the Third Amendment, the PSPAs and Treasury Stock Certificates prohibited the GSEs from paying down Treasury’s Liquidation Preference absent certain conditions that have never in fact occurred, and the Third Amendment did not change that"

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