Replies to post #510560 on Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

Government is going to throw a case that gives up a $193 billion liquidation preference and NWS annual dividend (or $19.3 billion if using 10%)?

Yeah.

No.

[cclose1]

My favorite day dream is government loss, followed by:

"6.12. Non-Severability. Each of the provisions of this Agreement is integrated with and integral to the whole and shall not be severable from the remainder of the Agreement. In the event
that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to
be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Conservator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate."

talk about immediate recap.