Tuesday, November 25, 2014

Fannie pays a Dividend to US treasury?

26 U.S. Code § 316 – Dividend defined
(a) General rule
For purposes of this subtitle, the term “dividend” means any distribution of property made by a corporation to its shareholders—
(1) out of its earnings and profits accumulated after February 28, 1913, or
(2) out of its earnings and profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made.
Except as otherwise provided in this subtitle, every distribution is made out of earnings and profits to the extent thereof, and from the most recently accumulated earnings and profits. To the extent that any distribution is, under any provision of this subchapter, treated as a distribution of property to which section 301 applies, such distribution shall be treated as a distribution of property for purposes of this subsection.

According to 26, “dividend” means any distribution of property made by a corporation to its shareholders.
In this case ONLY the US treasury, who conveniently was party to the taking and dictating of the dividend size. They decided they wanted all of xxxx corporations money from now on. Fill in xxxxx with what ever corporation name you want that is a Regulated entity by the US govt. It would not matter which name you place according to Judge Lamberth.

Fifth Amendment – an amendment to the Constitution of the United States that imposes restrictions on the government’s prosecution of persons accused of crimes; mandates due process of law and prohibits self-incrimination and double jeopardy; requires just compensation if private property is taken for public use.

DefineTaking:
The second element refers to the taking of physical property, or a portion thereof, as well as the taking of property by reducing its value. Property value may be reduced because of noise, accessibility problems, or other agents. Dirt, timber, or rock appropriated from an individual's land for the construction of a highway is taken property for which the owner is entitled to compensation. In general, compensation must be paid when a restriction on the use of property is so extensive that it is tantamount to confiscation of the property.

What has shareholders lost from the conservatorship and 3rd amendment?
1. The board does not answer to shareholders. Fairholm proved that.
2. The stock although still trading is depressed due to 100% of profits going to US.
3. No access to books of fannie. Ackman proved that.
4. I only own in Name the paper that has been devalued by US actions.
5. cannot regain value ever. The 3rd Sweep proved that.

Seems to fit the definition of TAKING!

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Illegal Taking of property is Unconstitutional.
Dividend is property.
US treasury has taken a dividend from Fannie for taxpayers.
Simplify the three together in a sentence.
US treasury has taken Property from Fannie for public use, unconstitutionally.

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