Fannie Mae-No Politics (FNMA)

[DaJester]

"They were agreed to by both sides, check the signature pages at the end. Treasury cannot revert the capital buffer (Reserve Amount), or make any other changes at all to the relevant contracts (SPSPAs, amendments, senior pref stock certificates), without FHFA's approval."

Yes, and FHFA just follows blindly, not acting properly as a Conservator representing the GSEs/Shareholders but instead a pawn of the Treasury (and supposedly taxpayer). Hence the legal win calling this out. There are limits to just how stupid one can be when agreeing to lopsided contracts that are not in the best interest of those you represent.

If you actually think there were two sides to the agreements and consideration was given and received, you are part of the problem.