Tuesday, April 30, 2024 5:45:55 PM
The FHFA / Treasury continue to change the contract, letter agreement dated January 14, 2021, So, the Statute of Limitations are not up. PAGE 6 Liquidation Preference increases dollar for dollar for all the retained earnings of the enterprises. So, every time the contract is changed this pushes the status of limits out further in time.
https://home.treasury.gov/system/files/136/Executed-Letter-Agreement-for-Fannie-Mae.pdf
Somehow we need to take in to consideration the recommendation of our friend Barron.
Quote: “ “Little Tucker Act” lawsuit for illegal exaction against the Treasury Department for money losses of less than $10,000 in my local district court. The purpose of this legal action is to introduce violations of the Charter Act and the Federal Enterprises Financial Safety and Soundness act of 1992 both as amended by HERA. Notice that FHFA will not be named as defendant. Relief sought is to enforce the provisions of the SPSPA that require the agreement be terminated and declared null and void if the agreement is found by a competent court of jurisdiction to be in violation of the GSE charter documents. Should this argument fail, a second prayer for relief will seek to force the consolidation of the enterprises onto the nations balance sheet due to violations of the GAO act and violations of the 14th amendment debt clause. At this time, money damages would be limited to court costs and Statute of limitations would rely on DOJ guidance for recurring claims due to material changes introduced in the letter agreements. For example the new increase of liquidation preference for free introduced within the last 6-years.” End of Quote
Any suggestions or comments?
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