Fannie Mae-No Politics (FNMA)

[Wise Man]

Quit repeating that Berkowitz no longer holds JPSs.
It isn't necessary for the payment of Punitive Damages for filing frivolous lawsuits and for stock price manipulation with the Government theft story.

Secondly, you are making the whole thing up. The record date is when the judgment becomes unappealable, according to the court briefs.

Heard delay in judge signing is that Berkowitz lawyers are arguing Bruce should get paid damages even though he no longer holds shares.

Thirdly, there are no damages whatsoever. Everything is legalized with the Separate Account plan. The dividend was impeccably suspended and thus, all the lawsuits are meritless. Only 7 securities law violations need to be settled: SPS LP "increased" to skip the December 2009 deadline on purchases in the Temporary Authority of Treasury to Purchase Securities of FnF with a high yield (The original UST backup is permanent, which is the one that prevails for the Separate Account. More evidence of a Separate Account plan coming to the rescue to legalize every action); $125B worth of SPS LP increased for free and its offset ($125B reduction in the Retained Earnings accounts), are absent from the balance sheets, etc.

Finally, it doesn't matter who is holding shares of FnF. Last time I checked, this is how the financial markets work. The OTC market is no different than other Stock Exchange.

Many people have seen a Separate Account plan that legalizes every action, thanks to:
-The exceptions to the Restriction on Capital Distributions, by law and regulation.
-The UST backup of the operations of FnF (both Equity and Debt) at rates similar to Treasuries at a time when they were very low, in exchage for their risky Public Mission (Charter dynamics). Not like the FHLBanks in 1989, taking funds at a 10% interest rate with an initial maturity of 40 years through Funding Corporation (RefCorp bonds), which only paid interests, at a time when the 30-year Treasury yield stood at 8.5% (spread 0.299%. GAO report), and the reduction of this RefCorp obligation through a statutory provision entitled SEPARATE ACCOUNT, starring DeMarco and Sandra Thompson too.
-CRTs, illegal in the Charter Act (Credit Enhancement clause)
-The noise from the Judiciary.
-Etc.