Replies to post #544054 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

If the board acted as suggested, it would if proven (which I strongly doubt is remotely possible) be a purely CIVIL matter, not a criminal FELONY. And it matters not, anyway, because the board lacked authority under HERA to block the conservatorship and its "succession rights" provision. All the Board could do in such case is challenge the move within a 30 day window (which they never did). So claiming this makes the warrants or any part of the SPSPA invalid is without any legal merit.

I find impuning the actions of FMCC's board as vile and unfair in the manner put forth as some greasing of skids for the GOV action. The pressure on these guys was HUGE. Please see the following or any of the Financial Crisis Inquiry Commission Reports I&II for detail, or the St. Louis & New York Fed Reports for an enormity of proof:

https://www.advisorycloud.com/board-of-directors-articles/the-case-of-the-concrete-life-preserver

This entire, impeccably flawed line of "reasoning" is largely inapplicable to Fannie Mae, anyway, because its Board initiated no such by-law change and, as such, would leave FNMA's warrants and SPSPA intact.