Fannie Mae-No Politics (FNMA)

[Wise Man]

By "legal hearings",he means frivolous lawsuits/abuse of court process.
Bradford keeps looping between the enumerated restrictions on capital distributions in the law: dividends and SPS LP increased for free when the dividend came to an end.

Also, he pitches a 10% rate, notwithstanding the rate similar to Treasuries in the authority of UST to finance their operations as a last resort, in exchange for their Public Mission, as part of the Charter dynamics (section Statutory Purposes).


The rate was assessed at a weighted-average 1.8% cumulative dividend rate "taking into consideration the Treasury yields as of the last day of the month preceding the purchase" and the quarterly repayments, and with a 0.5% spread over Treasuries (0.299% spread in the 1989 bailout of the FHLBanks by Congress. GAO report)


The cumulative dividend that FnF owe to the Treasury Department, is netted out with the interests on the $152B that the Treasury owes to FnF.