Replies to post #759966 on Fannie Mae-No Politics (FNMA)

[Fannie Heyyyyy]

Great post Rodney. Please get this into wide distribution to all the Senate and House members please. We'll written and easy to understand for the novice. Thanks for the hard work.

[Wise Man]

SPS are obligations in respect of capital stock.
The financial concepts aren't up for debate.
Don't want to read it?
Here is the SPSPA again:

All the restrictions, deadlines and limits are trumped using other parts of the statute: the exceptions and the 2nd UST backup of FnF. For the deadline, it was used the Securities Law violation of SPS "increased", instead of issued and purchased, for which it's been requested a monetary settlement. So, quit crying out loud that there were no purchases of securities. We know already!

And there was EMERGENCY.
For placing FnF into Conservatorship, it was used the Director's discretionary authority (G) LOSSES: likely to incur losses that deplete all of its capital. Future manufactured losses seen later, already commented, and legal.
So, your point that FnF were Adequately Capitalized on June 30, 2008, is pointless. Hello?
Frivolous lawsuits that cover up the key statutory provisions. Now, you have to pay damages to the Equity holders.
THE CASE FOR PUNITIVE DAMAGES
The shareholders are lucky for having the JPS in the capital structure because, as fixed-income securities (obligations), everything is referenced to their par value. Now, we use it for Punitive Damages, not economic damage that is fully redressed with the announcement of the Separate Account plan (the dividend was impeccably suspended: Restriction on Capital Distributions covered up by the plaintiffs)
When we talk about monetary compensation for a harm caused during a period of time, we talk about time value of money, that is, interest rates. A 1% IRR seems reasonably. High? Low? Tell us your number, but the formulaic is fixed. A common stock matches whatever a $50 JPS holder gets, primarily because their fair value is closer to this stock than to a $25 JPS, and the damage is related to frivolous lawsuits that prevented the stocks from trading at their fair value all along.

You are a broken record, pro se plaintiff.
Do not reply to my comments with the same song.