Fannie Mae-No Politics (FNMA)

[big-yank]

Wrong. A common shareholder owns stock in a public company. Fannie's common shareholders still own the same shares now as in 2007. They may have diminished rights while in conservatorship, but no equity was seized. And, to be fully accurate, many of those shareholder's stock value is actually higher today than when they bought it. So, as far as I can see, the preferred shareholders may have had dividend expectations taken from them, and maybe that gets fixed in some eventual settlement. I like that outcome. But unless the common shares get cancelled, there is no TAKING. And, yes, that needs to have some finite date attached to it at some point, but Amendment 3 was only imposed in late 2012, so there's no moss growing on the rock, quite yet.

If you bought shares for 35 cents that are worth $1.90 today, hard to explain how they were taken without compensation. That rate of return is far higher than the S&P since late 2008. Right?

JMHO.