Replies to post #231343 on Fannie Mae-No Politics (FNMA)

[mike_usa]

HLL7575 on July 7, 2014 at 1:40 pm
on
http://timhoward717.com/2014/07/07/high-crimes/comment-page-1/#comment-837

The GSE’s case is unprecendented. Even Watergate had two Govt. branches against one. Now two branches are against not just one, but the whole citizens of this great country. To indict current and past officials, it would require DOJ actions, which is part of the two corrupted branches. History is being and will continue being made before the GSE’s saga ends.

[roockie]

From page 16 of the Q&A attachment:

"Paying the federal government all profits earned in a quarter might prevent the GSEs from accumulating funds to redeem the senior preferred stock. However, if this payment applies only at the end of a quarter, it would appear that the GSEs could redeem some senior preferred stock using funds available before the end of each quarter. This would be a way the GSEs could return to stockholder control, although it would likely take many years. FHFA could prevent (or authorize) this redemption of senior preferred stock."

Setting aside the legal case against the profit sweep, is this an option to at least move in the right direction?

[955]

One statement buried deep within a document prepared by the Congressional Research Service on 8/13/13 makes it likely that high level government officials wlll be facing securities fraud charges.

Fraud conviction 3x value