You are correct, I hope you and all other shareholders understand that the issuing of these warrants to Treasury breaks at least 2 federal laws. HERA is not one of them. This fact exposes Sandra Thompson, and Treasury to the APA. Recent Court decisions have clarified that under the APA, the Statute of Limitations begins when the harm accrues, not from the initial agency action. Once these warrants are executed lawsuits should occur. This is all my opinion and is just words until tested in court, however, no one on this board has refuted this claim that FNMA common shares cannot be issued without receiving appropriate capital. And that the director's statutory duty is to prohibit capital distributions when under capitalized except for specific enumerated exceptions. HERA did not amend the safety and soundness duties of the director, just changed the name of the agency. Furthermore, the statute clearly states that the agency is not the director. The director can appoint the Agency as Conservator, the Director is still responsible for the safety and soundness of GSEs and that whether run by a board of directors or the Agency as Conservator, the Director has a statutory duty to ensure the GSEs comply with their Charters and the safety and soundness act. Unlike a takings claim or Illegal exaction, a succesful APA lawsuit could force an unwinding of everything done. That means a cancellation of the SPSPA and a refund of hundreds of billions of dollars back to the Corporations and Patswells or Rodneys pps estimates. If any posters think I am wrong, please refute this. So far all I have heard back is Gov can do anything they want. Yes they can and will until their actions are corrected.
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