Fannie Mae-No Politics (FNMA)

[Rodney5]

Kthomp19 Quote: “Overturned by whom? I don't see how any existing lawsuit can have that result, and anyone wanting to file a new lawsuit had better hurry the hell up.” End of Quote… Link to conversation below.


AGAIN: The Senior Preferred Stock Purchase Agreement is not a law. The SPSPA is an illegal contract, The Charter Act is the Law.

Barron Quote: “They are only true if the illegal actions of Treasury and its subservient FHFA are not eventually overturned.”

Kthomp19 Quote: “Overturned by whom? I don't see how any existing lawsuit can have that result, and anyone wanting to file a new lawsuit had better hurry the hell up.”

Link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171706295

WE ARE RUNNING OUT OF TIME

In my opinion Barron has the best approach, The Charter Act! Challenging the illegal contract SPSPA. somebody better hurry up and file before we run out of time!

The Senior Preferred Stock Purchase Agreement is not a law: The SPSPA is an illegal contract: The Charter Act is the Law.

SUBSECTION (g) TEMPORARY AUTHORITY OF TREASURY TO PURCHASE OBLIGATIONS AND SECURITIES; CONDITIONS.— EMERGENCY DETERMINATION REQUIRED. Page 16

Under this subsection the FHFA / Treasury would have to prove, 'What was the Emergency'...

(And this will open the door for the plaintiffs to bring out the forced write down of the deferred tax assets, treasury's charge of an illegal commitment fee, violated the law by not adding the liabilities onto the national debt, neither entity met any of the twelve conditions for conservatorship spelled out in the newly passed HERA legislation, 5th amendment, 14th amendment, etc...)


There was no 'Emergency.'

FHFA freely admitted the companies were adequately capitalized, evidence the companies exceeded capital requirements absolutely no need for emergency funding.

SECOND QUARTER CAPITAL RESULTS

Minimum Capital
Fannie Mae’s FHFA-directed capital requirement on June 30, 2008 was $37.5 billion and its statutory minimum capital requirement was $32.6 billion. Fannie Mae’s core capital of $47.0 billion exceeded the FHFA-directed capital requirement by $9.4 billion.

Freddie Mac’s FHFA-directed capital requirement on June 30, 2008 was $34.5 billion and its statutory minimum capital requirement was $28.7 billion. Freddie Mac’s core capital of $37.1 billion exceeded the FHFA-directed minimum capital requirement by $2.7 billion.

Link:https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Announces-Suspension-of-Capital-Classifications-During-Conservatorship-and-Discloses-Minimum-and-RiskBased-Cap.aspx

https://www.fanniemae.com/sites/g/files/koqyhd191/files/migrated-files/resources/file/aboutus/pdf/fm-amended-charter.pdf