Replies to post #705363 on Fannie Mae-No Politics (FNMA)

[Guido2]

Only two signatures were needed for SPSPA. Only two signatures were needed for any succeeding amendment/letter agreement. Treasury continued using the swindled funds until stopped by enbanc. The 2nd Qtr earnings report was published well after Calabria became Director. Instead of taking care of business, he was spending his time socializing with MBA and other enemies of Fannie and Freddie. He still sent Treasury the Q1 sweep. Why didn't he stop this? Why did he wait for enbanc before acting? Why did he continue fighting the plaintiffs till the end? Why did he hide the stress tests? Why did he hide other documents?

https://www.fhfa.gov/Conservatorship/Pages/Senior-Preferred-Stock-Purchase-Agreements.aspx

[Robert from yahoo bd]

That payment was never made as the agreement to stop the cash payments with Calabria and Mncuhin was entered into on September 27, 2019. So even though they waited until end of Q3 to announce the agreement, it applied to the Q2 dividend as well.

Because Socialism and Nationalization of private corporations was not part of the prior administrations political decision making.

It's a shame that Senator Elizabeth Warrens insistence that the unconstitutional "for cause" provision was included in HERA. But for that provision we would have been released by now, WHICH IS WHAT SHOULD HAVE BEEN DONE IN 2012!