Replies to post #822580 on Fannie Mae-No Politics (FNMA)

[kthomp19]

First, Treasury and FHFA must agree to cancel the net worth sweep (NWS increase dollar for dollar on retained earnings) eliminate Treasury’s liquidation preference, and cancellation of the Senior Preferred.

"Must"?! Or else what? You're going to tell your mommy?

It's clear that you have no intention of filing your own lawsuit, despite your constant whining over illegal and unconstitutional activity. Hypocrite.

Fannie and Freddie already have repaid their senior preferred stock, to make the companies’ repay their indebtedness to Treasury twice would be fraudulent.

Wrong again. If Treasury converts the seniors to common the second round of payment they receive won't come from the companies, but instead outside investors who buy Treasury's common shares. Saying that the companies will have repaid Treasury twice is just plain false.