Fannie Mae-No Politics (FNMA)

[kthomp19]

So the companies/BOD have a lot of control and say so over their shares.

Wrong. From your very own post:

7.
(b) Without the consent of the Holders of Series O Preferred Stock, Fannie Mae will have the right to
amend, alter, supplement or repeal any terms of this Certificate or the Series O Preferred Stock (1) to cure any
ambiguity, or to cure, correct or supplement any provision contained in this Certificate of Designation that may be
defective or inconsistent with any other provision herein or (2) to make any other provision with respect to matters
or questions arising with respect to the Series O Preferred Stock that is not inconsistent with the provisions of this
Certificate of Designation so long as such action does not materially and adversely affect the interests of the Holders
of Series O Preferred Stock; provided, however, that any increase in the amount of authorized or issued Series O
Preferred Stock or the creation and issuance, or an increase in the authorized or issued amount, of any other class or
series of stock of Fannie Mae, whether ranking prior to, on a parity with or junior to the Series O Preferred Stock, as
to the payment of dividends or the distribution of assets upon dissolution, liquidation or winding up of Fannie Mae,

When you quote sections of a contract, read them first.

Those saying the contracts cant be ignored or changed need to read those three parts I posted.

I read those long ago. The contracts cannot be ignored, and can only be changed in a way that adversely affects the holders if 2/3 of them agree. You even posted it yourself!

Loads of possibilities exist in those three clauses, based on how current courts are functioning.

Nope. The part in bold above is what controls no matter how much obfuscation you try to pile on.