Fannie Mae-No Politics (FNMA)

[jog49]

Every time Epstein writes though, he never mentions that shareholders had their rights, as owners, suspended for four years and, for example, had no say in the choice of BOD members which has taken place. Shareholders were also financially damaged over the four year, NWS period by being denied the opportunity to share in the great prosperity of Fannie and Freddie that they would have been entitled had there been no government interference and meddling.
As a law professor, these items should be high on his list if he's really advocating justice for F&F shareholders. The equity holders were treated as if the government was the owner of the two corporations when quite the opposite was true. It was, from any viewed angle, a full blown and illegal nationalization within the border of the United States.