Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Your argument doesn’t work anymore, we see right through your smoke and mirrors. The mistake of the lawyers over and over has been the focus on the SPSPA.

Who's this "we" you're referring to? Got a mouse in your pocket?

Dick Epstein is just another clown like Howard. The SPS wouldn't have been redeemed because they couldn't be redeemed.

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-SPSPA_09-07-2008.pdf

5. COVENANTS

5.2. Issuance of Capital Stock. Seller (FnF) shall not, and shall not permit any of its subsidiaries to, in each case without the prior written
consent of Purchaser (Treasury), sell or issue Equity Interests of Seller or any of its subsidiaries of any kind or nature, in any amount, other than
the sale and issuance of the Senior Preferred Stock and Warrant on the Effective Date and the common stock subject to the Warrant
upon exercise thereof, and other than as required by (and pursuant to) the terms of any binding agreement as in effect on the date
hereof.
5.3. Conservatorship. Seller (FnF) shall not (and Conservator, by its signature below, agrees that it shall not), without the prior written
consent of Purchaser (Treasury), terminate, seek termination of or permit to be terminated the conservatorship of Seller pursuant to Section 1367 of the FHE Act, other than in connection with a receivership pursuant to Section 1367 of the FHE Act.