Replies to post #417758 on Fannie Mae (FNMA)

[rekcusdo]

"1. Watt can't be fired."

It says quite clearly in HERA that Watt can be fired for cause by the President. Reneging on a contract with the executive branch is MORE than enough cause.

"2. If no dividends (interest) are declared by the board then they would not be payable. So, absolutely if watt directs the board not to declare a dividend (interest) $0 would be payable."

This is just a lack of understanding as to how the SPSA and contracts work. The only way funds aren't payable is if two things happen: 1.) the funds aren't declared and 2.) the treasury LETS the funds not be declared.