Fannie Mae-No Politics (FNMA)

[Rodney5]

Hamish Hume
Counsel of Record

The lawyers brought the wrong lawsuit before the SCOTUS, using the contract SPSPA, the lawyers should have brought the LAW WRITTEN IN HERA. But it doesn’t change the fact lawyer Hume gave us the numbers.

In the Supreme Court of the United States

Quote: "In August 2012, FHFA and Treasury changed the PSPA dividend on Treasury’s senior preferred stock from 10% of the stock’s principal value to 100% of the net worth of Fannie Mae or Freddie Mac (minus a small reserve that would shrink to zero by 2018), in perpetuity. Under this arrangement, private shareholders in Fannie and Freddie could never receive any dividends no matter how much money they earned, as 100% of all dividends would have to be paid to Treasury. As a result, Treasury has taken roughly $150 billion more than it could have received under the original 10% dividend." End of Quote

https://www.supremecourt.gov/DocketPDF/22/22-98/230704/20220722162334690_Petition%20for%20Writ%20Of%20Certiorari.pdf