The contract with Treasury FHFA and the Twins are VOID. Why? There is no period when this rescue ends And therefore when it performs. . Doctrine of Promissory Estoppel Doctrine of Frustration [S. 56] Impossible in itself. Supervening impossibility or illegality, involving actions contrary to law or public policy. The outbreak of war, war restrictions, illegal to trade with the enemy, etc. Destruction of subject-matter by fire, explosion, spoilage of dates by water and sewage due to the sinking of the ship. Happening of an event which rendered the contract impossible of performance but would not include hard and difficult cases of abnormal rise or fall or price, depreciation of the currency, closure of Suez Canal involving longer route and journey involving more freight and delay. Unavailability due to lawful seizure, requisition, detention of charted ship running aground. The imposition of government restrictions or orders***.
Summary No Consideration to The owners of the companies. No Consideration to the liquidation preferrence...Meaning the 3% Capitolization does not equal the 97% remaining assets to be controlling the parties Treasury/FHFA. Besides the Company is not allowed to liquidate 10% of its assets to cover the cost of capitolization with 7% excess capitol. The foregoing expressly implies Congress's illegal takeover of FNMA and FMCC.