Fannie Mae-No Politics (FNMA)

[DangrSeekr]

They knew very well that FnF would soon be profitable again - that's
why they did this 3rd amendment BEFORE the public gained knowledge
about the coming profits!

Should be easier to create facts when the public is not questioning
if it's legal or if it makes sense at all!

Or do you think they could have done that when FnF were profitable
as they are now? don't think so....

I know that the intention of the 3rd Amendment of the PSPA was to prevent FnF from making Treasury draws just to pay their dividend obligation. But to agree to such drastic measures just doesn't seem like sound business practice.
I'd be interested to hear your thoughts/comments on this.