Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

That letter agreement was helpful to the companies because they got to keep their earnings and the increasing liquidation preference doesn't hurt them. It was neutral to shareholders because the NWS had already removed all economic value from those shares.

So, because the 3rd Amendment was done in bad faith and unfair dealing, and removed ALL economic value to the shareholders, the 4th Amendment, by transferring a Liquidation Preference to the US Treasury each quarter equal to the shareholders profits doesn't hurt the shareholders because it transfers the profits to the retained earnings of the corporations balance sheets AND simultaneously to the US Treasury as a book entry to the cumulative Liquidation Preference?

The FHFA-C has an implied duty of good faith and fair dealing to the shareholders and agreeing to the quarterly increases in the cumulative Liquidation Preference is not consistent with good faith and fair dealing for the shareholders as it continues the conservatorships until the book entry Liquidation Preference at the US Treasury is eliminated.