Fannie Mae-No Politics (FNMA)

[LuLeVan]

Dividend payments to shareholders do not result in companies "paying off" their shares as if the shares were a debt.

It's the same with IBM stock. Dividend payments by IBM to shareholders do not constitute a "stock repurchase". The shares remain the property of those who bought them - even though the dividends received may, in aggregate, be greater than the current price of the IBM shares.

The concept of SPS as "concrete life preservers" was cleverly orchestrated by Goldman's Treasury Secretary Hank Paulson and George W. Bush.