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Home > Boards > US OTC > Banking and Finance > Fannie Mae (FNMA)

I like how you say, "privatization by the

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Cash47873   Tuesday, 05/07/13 08:14:13 PM
Re: The HK Investor post# 27692
Post # of 294646 
I like how you say, "privatization by the US government".

Isn't that an oxymoron? There is only one way to do that, SELL their position in the preferred shares. They have already used this beyond what the taxpayer bailout was to be used for. The treasury is playing roulette with taxpayers money. Refusing to get the taxpayers principle loan back out while looking at a very good opportunity to do so is irresponsible at best and very likely a highly illegal misappropriation of taxpayer dollars and a violation of the 5th amendment by illegally seizing a public company without just compensation for common shareholders and numerous classes of preferred shareholders. Who knows if this recovery period is going to last? This is a bigger deal than the media is portraying it to be. This is pure BS. 5 yrs and what do we get? A recovered and profitable company replete with added bonus of court rewarded damages on one hand and on the other a government that has no plan, no suitors, and a self serving sense of entitlement over illegally seized assets. If this Shiite were have to happened 30 years ago or even 20 years ago this wouldn't even be a discussion because there were a lot less sheeple in this country. This is just pure bs.

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