Replies to post #748279 on Fannie Mae-No Politics (FNMA)

[Rodney5]

When DeMarco decided to implement the NWS, he bypassed other options in the SPSA that would not have Nationalized the GSES. Yes, he bypassed the

'Optional Pay Down of Liquidation Preference,' Written as clear as day in the SPSA.

It cannot be argued, Fannie Mae and Freddie Mac were never provided with a mechanism to emerge from conservatorship. The SCOTUS ruled the Net Worth Sweep was legal. The SCOTUS did not rule the Optional Pay Down of Liquidation Preference as being void. No, it is not void, the court did not say it was void.

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.

[Wise Man]

"Robert" was called out again for repeating the flawed opinion of the Supreme Court that covered up part of the same sentence used as basis of its opinion, that bars taking the profits of FnF away. The famous "authorized by this section", just after "take any action".
The scammers just say the latter.
But yesterday was more dramatic because he repeated the same a few hours after I highlighted the judge Willett's ruling over the same Collins case, in the U.S. Court of Appeals for the Fifth Circut, en banc hearing, where he talked extensively about the "authorized by this section" remark, posting the screenshot.

Another guy working for the hedge funds embedded in this board pretending to be a shareholder, like the crazy elderly plaintiff who writes with 10 different ID's here, that are even used to have conversations with himself. The same he did in other message board where he used 20+ ID's, with the same goal: downplay expectations for the common stock and call for a negotiation with the litigants like him, a JPS holder.