Fannie Mae-No Politics (FNMA)

[imtheshadow]

I hear you and felt the same way for some time, but as federally chartered entities, FnF are totally controlled by Congress and there is no question about that. However, if the value (not control) of the entity is taken by the government, the 5th amendment comes into play. I think it is a disgrace that Congress and the Administration would take two of the most important financial organizations in the world from shareholder, but they can. Only question is how much they will have to pay up to do so.

Having said all that, we might have some victories that restore value to the entities (reverse the NWS), and that will certainly help establish the price the govt will have to pay for the taking (and I'll sell at that moment), but ultimately, if the govt wants to take them, they can (and seems like they will).