Replies to post #532095 on Fannie Mae-No Politics (FNMA)

[Always wondering]

Tell it to the judge.

[KenKong]

Wrong!!!

[bcde]

Only the Purchaser (Treasury) can declare it Void. So this is an incorrect statement:

CC,

It looks like jps holder are promoting a myth that UST is against cs holder but favorable to jps holder.

But the fact, it is wallstreet bankers in UST that are doing all these mischievous things. Currently these bankers have lost trust with DJT administration, and are quiting their positions.

Hank, Tim, Fellow thieves, Ed, Mel could do all the lawless things because bush, ob and some lawjokers, and judges in the pockets of lobbyists supported them.

Currently Trump administration is supporting exactly opposite policy to end conservatorship. So this myth is completely false.

[Doc.007]

"Purchaser" or "Purchase" in the Agreements is effectively only a misleading titling, where the Collateral SPS Promissory or CS Warrant Receiver received them for Financial Credits Commitments only and resulting Gov Treasury did never Pay For It and therefore also until Today never received any Shares Issued as Outstanding !
This confirmed by FM Transfer Agency, Tel. [phone] and FM Investors Relation, Tel. [phone]

( The Wording "Receiving" at Collateral Promissories Agreements instead "Purchase" would have been the right definition, but that would not have provided the base For All Gov Fakes ! )

Since F+F Even Overpaid Any Gov Treasury Credits Commitments, therefore as Legally Correct the CS Warrant and SPS Promissory need to be cancelled.

For any New Gov Treasury Financial Credits Commitments, New Collaterals with different conditions would need to be made, also because F+F surely will not anymore accept The Abusive Gov Robbery or Interest higher 2% or Illegal Dividends higher 5% for No Real Shares in Gov Hands !
Receiving Dividends without Real Shares Issued as Outstanding existing as in Hands, By The Laws is illegal to pay or to enforce. ( Its well known how all Agreements under Gov Force have been signed ! )

This any Court would reconfirm and Attorneys specialized in Financials & Contract Rights ! ! !

Happy FNMA Investing

[cclose1]

1) HERA states: Sec. 1117. Temporary authority for purchase of obligations of regulated entities by Secretary of Treasury. “….Treasury is authorized to purchase any obligations and other securities issued by the corporation under any section of this Act, on such terms and conditions as the Secretary may determine and in such amounts as the Secretary may determine…”

‘‘(2) RIGHTS; SALE OF OBLIGATIONS AND SECURITIES.— ‘‘(A) EXERCISE OF RIGHTS.—The Secretary of the Treasury may, at any time, exercise any rights received in connection with such purchases.”

- HERA only gave Treasury the ability to purchase securities and exercise the rights of those securities.

2) SPSPA - “6.12. Non-Severability. 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…”

- This is a CONTRACT, and contract law applies. Parties are Treasury and Fannie Mae with Conservator as authorized by HERA, agent.

Court, if so inclined, can find any part of the contract unenforceable, in part entirety, whatever, including the "Non-Severability" clause itself. And the law that applies will just depend.

HERA does not say purchaser is the only one that can deem it void.

Fun Fact - Treasury can dispose of the securities as it is a "right" that can be exercised.

[mrfence]

Re-reading an unenforceable contract is a HUGE WASTE of time :-D

[pka1639]

So the en banc or any other court has absolutely no authority to void it in its entirety?