Replies to post #745599 on Fannie Mae-No Politics (FNMA)

[Rodney5]

Donotundrstand, you get it.
I do not see how the judge could stop the plaintiffs from reading the contract to the jury.

This is the argument I suggest.
The Shareholders are under contract.

It’s written in the contract Optional Pay Down of Liquidation Preference.

The Third Amendment cannot be used to wipe out the 10 and 12 percent dividend rates in the initial stock certificates. IT DOES NOT MATTER if the Third Amendment Net Worth Sweep is declared legal or illegal, THE DAMAGES ARE the extra payments to Treasury must be treated first as though they were a return of capital that calls for a dollar-for-dollar redemption of the senior preferred, thereby reducing the Treasury’s liquidation preference. Once all those shares are redeemed, the remainder of the money paid over to Treasury should be treated as excess payments that must be repaid in full to Fannie and Freddie with interest.

AGAIN

The Third Amendment cannot be used to wipe out the 10 and 12 percent dividend rates in the initial stock certificates.

INITIAL STOCK CERTIFICATES

[familymang]

It was presented and Judge Lamberth didnt allow it, because he literally said that the senior pfd balance cant be paid off with dividend payments. So the whole NWS>10% idea was both presented as damages and dismissed.

[stoxjock]

Yeah, The Ba$tard tossed it out...All Judges are in the GubMint's Pocket...US has the MOST Corrupt Judiciary in the World!