Fannie Mae (FNMA)

[rekcusdo]

I agree. But I'm not surprised no Congressman stepped up. At the time, everyone was very frightened about the future of our economy and I think they were more willing to let bad legislation pass to try to "save us".

As an investor, I'm putting my money on one of three outcomes. Either 1.) the court rules HERA itself is unconstitutional because it takes away access to the courts on monetary suits (the original purpose of jurisdication stripping was not for monetary reasons, but for courts of equity), or 2.) the courts rule that HERA is constitutional, however was not intended to allow the government to completely disregard the Constitution, and therefore does not believe that a violation of a Takings clause should be upheld by Hera or 3.) the courts rule that the HERA is constitutional and that Takings cases are barred under HERA and that, when the Conservatorship started, the government was acting as a Conservator, but that over time the government stopped acting as Conservator and started acting as a Board of Directors with Godlike powers...and at the moment that the government stopped acting like a Conservator but never officially started acting like a Reciever, the shareholders gained the ability to sue regardless of what HERA says.

Of course, the court could rule against all of this and let shareholders be wiped out...but I'm in favor of believing this is still America.