Replies to post #797929 on Fannie Mae-No Politics (FNMA)

[DaJester]

You clearly don't understand that investor expectations are not written in the contract and do not take into account every minutia of what changes over time. It is based on general expectations as a shareholder and what that entails. The company cannot thwart that general expectation that a shareholder is a part owner of a company and entitled to a share of the profits, as dictated by business results.

Lamberth said that investor expectations are not set at the time of original contracting but instead are updated with every relevant updates, which he specifically said includes the SPSPAs and amendments to them.

Yes, and even with those expectations, the NWS was a BREACH of the shareholder agreement. Now that it is established that it was a breach, we don't suddenly expect more breaches to be "ok" since there was one in the past.

SMH. This isn't complicated.