Replies to post #510586 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

That severability is only available to "the Purchaser" which in such case is the Treasury. Sadly, I do not believe this represents any potential benefit to any shareholders or litigants.

[trunkmonk]

yup, but some with P colored glasses cant comprehend what is really going on, this is a lynch pin that most likely will be forced on them to decide once it all said and done. its part of the 100 price tag in that perfect storm I have been saying. It can, and may be done.

"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(including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate."