Replies to post #770886 on Fannie Mae-No Politics (FNMA)

[krab]

GOVT is NOT going to release goose that lays golden eggs. !!

[nagoya1]

What timeline then...and if it passes, you disappear for a month.
Your nose is longer than Pinocchio's pecker.

FNMA

[TightCoil]

From what I've learned, the subject of this "soon-to-be-released" scandal involves a conflict regarding illegal discrimination against Black shareholders as a result of imposition of the Conservatorship. Treasury, which is "closer" to the Administration and the Constitution than the FHFA, feels that they must do one of two things; 1) provide reparations to those Black shareholders (and other minority shareholders), or 2) begin the process of releasing Fannie and Freddie.

Queen Thompson's stance is "I won't have either, period."

[camaro4me]

Tell Treasury this. We have a jury verdict in favor of plaintiffs, FHFA lost. Once Lamberth rules with the jury verdict, Treasury can write the letter. FHFA has zero say in it.

https://www.fhfa.gov/Conservatorship/Documents/Senior-Preferred-Stock-Agree/FNM/SPSPA-amends/FNM-SPSPA_09-07-2008.pdf

6.7. Effect of Order; Injunction; Decree. If any order, injunction or decree is issued by any court of competent jurisdiction that
vacates, modifies, amends, conditions, enjoins, stays or otherwise affects the appointment of Conservator as conservator of Seller or
otherwise curtails Conservator’s powers as such conservator (except in each case any order converting the conservatorship to a
receivership under Section 1367(a) of the FHE Act), Purchaser may by written notice to Conservator and Seller declare this Agreement
null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding
of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and
unwind) shall immediately and automatically terminate.

6.12. Non-Severability. Each of the provisions of this Agreement is integrated with and integral to the whole and shall not be
severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the
Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Conservator and
Seller, declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock
and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to
effectuate such rescission and unwind) shall immediately and automatically terminate.