Replies to post #532124 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Thanks for proving my point. You made it easier as I didn't need to dig through HERA to find the section that clarifies this to the $FNMA World:

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…”

I bolded it for you and for everyone to see. The only one that can sever the Contract based on a provision being illegal or unenforceable is the Treasury (aka The Purchaser).

And of course, the Treasury would never do that. So it's a moot point.

#MuyNoBuenoAmigos
#MayOrShall?

[philipmax]

Interesting. FNF were long in private hands BEFORE HERA was written. An Ex post facto law cannot denude the shareholders just because some a**hole wrote this garbage. See what these idiots have done?! Now, SCOTUS has to review and nullify the gobblygook confiscatory verbiage that was inserted into the HERA.