Replies to post #745470 on Fannie Mae (FNMA)

[bradford86]

Yes. I read he said that too. Thanks for resharing. I think admin reform continues to move forward. Tim howard will learn

[Wise Man]

Ron Klain, lobbyist for the hedge funds, abruptly fired.
Just the same role of Timothy Howard who said that he met with senators, while being a member of the Berkowitz's legal team (Value Walk article). Howard also filed an amicus brief with the Supreme Court just to repeat a dozen times that the SPS are non-repayable securities, when the exception B in the Restriction on Capital Distributions, authorizes the repayment of Preferred Stocks, which is what has happened.
Ron Klain was a lobbyist for Fannie Mae long time ago. Another attorney advocating for the hedge funds' cause that harms the shareholders' economic interests (warrant exercised, multiple stock offerings, swap SPS and JPS for common stocks, 10% dividend to Treasury to increase the capital needs in FnF), like all the attorneys in the Fanniegate scandal, as we can see with all the lawsuits filed by the corrupt plaintiffs, covering up the key statutory provisions (restriction on capital distributions, special borrowing right from UST,...) and financial concepts, like the guidelines for the dividend payment in the Preferred Stocks.
This will speed up the resolution of Fanniegate.