Fannie Mae (FNMA)

[jeddiemack]

While certainly the warrants - terms are unconscionable and are likely a certified taking, ie. 25K price for stock worth 80-200 Billion.

The fact that FHFA and Treasury transactions are beyond judicial review while it doesnt make them legal, certainly limits anyone challenging their legality.

Personally, to me they are not lawful. They were contrived to steal and transfer benefit from one class to another (entity) if you will by effectively the same entity (government) which makes them an unlawful transaction, ie. not arms length. However, if challenged, revert to the above, you can't challenge even their one sided transactions, because congress and the president said so.

Now, i am sure that others may argue, "only things found to be illegal are illegal, all the other stuff isn't until such". But i find that argument on the merits fail, because, yesterday i saw someone run a stop sign. Yep didn't stop at all. But, because they were not issued a citation, and that citation that wasn't issued didn't go thru the judicial process, therefore, while the act is illegal, their action was not. That is in some peoples mind.