Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Sorry to tell you you are wrong in your analysis. These are all just words on a page. In no way does any of the SPSPA agreement language square with the charter act prohibition of a fee by treasury or any other agency or department of the Gov. As Lamberth likes to say “clear as day”. The seniors can be paid off for $1000 per share. In no way is the liquidation preference “equity”. It is an illegal commitment fee. Until either treasury returns all of the money under Wiseman’s super secret separate account plan or someone challenges the Treasury’s unconstitutional and illegal commitment, there will be no restructuring of any kind and no exit from conservatorship. Oh and by the way as defined in the SPSPA the warrants are part of the commitment fee in consideration to an initial $100 billion commitment that Congress did not authorize under HERA. Stop perpetuating a fraudulent transaction.

If anybody is perpetuating something fraudulent, it's the fantasy that the GSEs could unilaterally pay down the SPS without Treasury's approval.

You need to stop. Or you and all you fellas that liked your post need to go ahead and file suit.

Meanwhile folks like me, KT and some others will live in reality. It is what it is. The "optional pay down" was only optional if certain conditions were met...and they never were.