Replies to post #746269 on Fannie Mae-No Politics (FNMA)

[Rodney5]

Man With No Name Said
Quote: “ You and Barron need to come to grips with reality. The NWS is legal, done and over..” End of Quote

I didn’t say the NWS was illegal. What I said,

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.

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-Fourth-Amended-Restated-Certificate-04-13-21.pdf

[Donotunderstand]

soon to go back to Breakfast but

nothing stops the GOV from declaring that the 300B paid so far + the profit on WTS exercised paid off this obligation