Fannie Mae-No Politics (FNMA)

[Barron4664]

What the scotus ruled is that under HERA the FHFA-C can act in its interest to the detriment of the entities. They did not rule that FHFA-C can act contrary to the law. Do the letter agreements and the 3rd and 4th amendments to the stock certificates state that prior to issuing a dividend for the Senior Preferred Shares that lowers the capital of FNMA below the levels set in the safety and Soundness Act, the Director of FHFA must first approve the distribution in writing? Is this stated in the “Contract”with Treasury? I dont think so. The money will all go back to the entities eventually. New lawsuits are warranted and coming.