Replies to post #732701 on Fannie Mae-No Politics (FNMA)

[Hvp123]

As analyst Derek Pilecki suggested, the dividends paid on the Treasury draws became, by the Government’s design, deliberately worthless—to the shareholders. Mr. Pilecki stated: “I call the dividend payments on the Treasury’s senior preferred stock Zombie Dividends because Treasury Secretary Paulson wanted the GSEs dead at the time he put them into Conservatorship. He forced them to pay a 10% dividend rate to the Treasury on its senior preferred stock investment. No other financial institution has had to actually pay to the government a 10% rate like the GSEs have.”
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Case 1:21-cv-01949-KCD Document 1 Filed 10/01/21 Page 27 of 45
70. As with any other publicly traded company, owners of Fannie Mae and Freddie Mac stock were vested with specific rights attendant to their ownership. These rights were specifically enumerated in each GSE’s by-laws and the prospectuses and registration statements for each GSE’s common stock and series of preferred stock.
71. The by-laws and offering documents for Fannie Mae’s and Freddie Mac’s common stock enumerated specific rights held by each GSE’s common shareholders, and these rights were typical of those rights usually associated with the private property interest represented by common stock in a shareholder-owned company. For example, these included the right of the GSEs’ common shareholders to transfer their shares of stock and to vote for candidates for boards of directors and shareholder proposals. The owners of Fannie Mae’s and Freddie Mac’s common stock also had the right to receive a portion of the GSEs’ assets in the event of dissolution or liquidation.

[M I A]

Yeah, and guess who can control big companies. Much easier to influence huge corporations and umbrella companies which can control society because they employ everyone and sell everything to society. So the big companies control society and gov can control the companies.

Much easier that way than controlling mom and pop.
Sad. This is what happens when people always looking for a deal rather supporting local community. When people rather be employed and make someone else money instead of working harder to be your own boss and make money for yourself. Gov uses a crisis to fast track it in that direction. Now people are dependent on that system and lost a lot of power. With less of a voice in the country.

The c-ship going on for this long is proof of this. No one will listen to the average Joe because he has a small voice. They don't care to listen to you and very few people are loud and important enough to speak up. Most of them are part of the problem. Being dependent on the gov has long been incentivised. With handouts, empty promises, and cheap deals. But in exchange society lost it's influence. It's up to the minority of average Joe citizens who didn't sell out or lose sight of what is important.

So that is where we are at. Small guy relentlessly battling. David v Goliath. Keep going at the gov until victory is achieved. This is our only course of action; to never give up.

FNMA FMCC Common / J. Preferred
LFG

The end is nearing.

JMO, of course