Replies to post #529111 on Fannie Mae-No Politics (FNMA)

[Doc.007]

From the FM Transfer Agency I became to know, that of today Not One Gov SPS got Issued as Outstanding, therefore I interpret of what is not Issued as Real Shares can also not been any buyback ( can only cancel the SPS Matter ) and conclusively the Dividends got only paid by "As If" and this means if requested or forced to, it would been illegally, but if FM accepted or proposed it to do, then its Legally.
I know how this Reality sounds, but there must been reasons why until today 9,000 Documents still under Gov secrecy and that's All to say !

At Common Shares Gov Warrant is the same situation, and otherwise since 2007 to until Today the Common Shares Count would not have increased by 158K only !!

The Gov Shares Are All Just Collateral Promissory Based To Be Aware and this also where the Gov By Laws is prohibited to Own Shares of Any Private Companies.

FM Transfer Agency, Tel. [phone]

[bcde]

"the SPS certificate actually provides only limited possibilities to buy back the SPS. As long as treasury's commitment exists, a repurchase is excluded:

"Prior to termination of Commitment... the company may pay down the Liquidation Preference... but only to the extend of (i) accrued and unpaid dividends..."
Page 3
"

Fully Diluted,
Thanks, It is a matter of understanding the semantics. So below explanation appears repetitive trying to make it very clear.

SPSPA, SPS, Warrants,NWS are all private agreements and can be canceled by either party as per terms of SPSPA. Laws ban one sided forced perpetual agreements. So there is no meaning to the saying that SPS can not be purchased back if they can be canceled..

SPS remain valid until SPSPA is cancelled as per original SPSPA. But if one goes by original SPSPA the liquidation preference value (LPV) of SPS changes depending on the draws and repayments. More ever SPSPA is a mutual agreement and any party can cancel SPS as per terms of SPSPA.

As per original SPSPA, when FnF keep on paying back more than the 10% dividends they owe, then the LPV will comes down and FnF owe lesser amount of dividends next time. Eventually LPV should become zero. Currently LPV value should be negative because FnF have paid back more than they owe as per original SPSPA.

In 2012 when FnF became profitable, crooks realized that FnF can pay down SPS LPV and get out of conservatorship. So they forced NWS, so that FnF can never pay back LPV. Under NWS, LPV keeps on going up when FnF draw from SPS up to $200B limit but never comes down because of NWS.

The very nature of NWS makes it completely illegal because it amounts to racketeering or loan sharking. If private parties were to use NWS, then Gov would have prosecuted them under RICO.

It is amazing that no plaintiff attorneys have filed complaints for NWS racketeering or loan sharking.