Replies to post #749585 on Fannie Mae-No Politics (FNMA)

[Rodney5]

Your fellow traveler said it’s illegal.

Quote “ I fully agree. I believe, as does basically everyone else here, that the NWS is illegal.” End of Quote

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147582167

The money swept by the Treasury should be applied to LP and the 10% over payment returned to the companies and the LP would be paid in full and the SPS would be redeemed the companies could turn to the Market with a secondary IPO replacing the commitment.

NO MONEY LEFT TO PAYDOWN THE LP AND REDEEM THE SPS WHEN THE TREASURY SWEEPS THE ENTIRE NET WORTH. AND BY SWEEPING THE NET WORTH THE COMMITMENT CANNOT BE TERMINATED.

I do not understand how the Judge could not allow the Plaintiffs to read and explain the Contract to the Jury. Written in the Contract “Optional Pay Down of Liquidation Preference” was never changed in any of the amendments. And the Contract “Optional Pay Down of Liquidation Preference” exists in the same form as we speak today.

[jog49]

"Judges decide legal issues and that issue has already been decided"

To date and with all we have seen, shareholders can only conclude that judges can't pour piss out of a boot!