Fannie Mae-No Politics (FNMA)

[FastEddie18585]

True that the risks should be well-known, and we investors are responsible for our own actions, but that doesn't mean we should let the Government off the hook for using questionable tactics to surreptitiously wipe out our shares.

This entire process has been shrouded in secrecy, and it's only from the court cases that we have learned the full extent of what many of us had suspected all along. If it were the Government's plan from the beginning to wind down FnF and wipe out shareholders, they should have put them into receivership and not continued to offer shares to investors and pretend that they were going to "preserve and conserve" the companies. This lack of transparency is the thing that bothers me the most.

Even if you agree that the conservatorship was just, there is the net worth sweep, which is a whole different kettle of rotten fish. The timing should make it obvious to anyone with at least half a brain that this was for the sole purpose of overcoming budget shortfalls due to the GOP-forced sequestration, though the Government is going to great lengths to conceal that fact too.

Obviously, anyone who invested in a bank or AIG or FnF after the recession took a risk in the economy recovering. The difference here is that the Government is not letting free market forces determine the value of our investments. They are simply taking the profits out of our pockets and putting into theirs. That's not how things are supposed to be done in a democracy, and we are right to fight it.