Fannie Mae-No Politics (FNMA)

[chessmaster315]

"Robin Hood" defense fails.

The Robin Hood defense is largely one of desperation. The administration is on the defensive, trying to justify the third Amendment Sweep, with the "Robin Hood" defense.
Here are a few others who tried, and failed, with the RH defense:

1. http://www.sltrib.com/sltrib/news/56259395-78/donaldson-jury-bank-argument.html.csp

2. This guys Robin Hood defense was rejected as hearsay:
http://www.businessweek.com/articles/2013-11-20/robin-hood-on-the-witness-stand-in-chevron-pollution-trial

It appears the presidents Robin Hood defense also will not gain traction. It essentially puts the victim on trial..we shareholders are victims of the government taking, and we should not have to argue our financial net worth, as it is irrelevant, and, conflicts with the political arguement that we (shareholders) are all rich hedge funds, so we can afford to lose our money to the government.

Instead, it demonstrates the administration is on the defensive
because there is truth to our allegations of government taking of shareholders property.

Also indicating a defensive posture is the governments reluctance to release discovery documents: If the government was not guilty of the allegations, then they should want these documents made public to clear their good name.
Innocent people should have nothing to fear with government documents.

Its clear the administration backs the Robin Hood theory:

President Barack Obama backs the measure, White House spokeswoman Amy Brundage said. "The president strongly supports comprehensive housing reform that would forever end Fannie Mae and Freddie Mac's flawed business models that put the American taxpayers on the hook," she said

Source:http://moneymorning.com/2013/07/10/hedge-fund-sues-government-over-seizing-fannie-mae-freddie-mac-profits/