Fannie Mae-No Politics (FNMA)

[Barron4664]

So after reading through the Senior Share Certificates I find that there can’t be a Senior to commons cramdown unless dividends that were illegally paid to Treasury are returned back to the companies. The share certificates stipulate that dividends can only be paid “out of funds legally available therefor”. This applies to the 10% or the NWS. The determination if funds are legally available is based on the statutory definitions in the Safety and Soundness Act not the SPSPA. So as Wise Man Carlos likes to say all of those funds given to Treasury must be held in escrow for a super secret plan because dividends are capital distributions that are prohibited by the law.