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Thursday, July 20, 2023 9:28:56 AM
The initial Warrant and $1B SPS, both issued for free, are considered a higher return on the SPS authorized in the unlimited rate UST backup of the Charter Act inserted by 2008 HERA," End of Quote...
Wise Man, in the Charter Act were is it written an unlimited rate UST backup? No were in the Charter Act did Congress give the Treasury permission to provide a LINE OF CREDIT. Congress granted ONLY PURCHASE OF OBLIGATIONS (MBS).
I find a limit written in the illegal contract SPSPA, and this illegal contract was between the FHFA and the Treasury.
SECOND AMENDMENT TO AMENDED AND RESTATED
SENIOR PREFERRED STOCK PURCHASE AGREEMENT
"Purchaser increased to $200,000,000,000 the maximum aggregate amount permitted" Page 1
https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Second-Amend-to-the-Amended-and-Restated-SPSPA_12-24-2009.pdf
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