Fannie Mae-No Politics (FNMA)

[rekcusdo]

No....

The warrants are the subject matter of a contract and do not fall within an illegal Takings.

The warrants were not created by the Government. They were created by the original agreement of the bailout as an offering to the Government. This, by definition, does not fall into the definition of a Taking.

That being said, it's highly unlikely that the warrants will ever get exercised, as that would create a fiduciary relationship between the Treasury and shareholders that there is no way the Treasury wants to have.

The profits (since you clumped them together as one topic) are a separate issue. The NWS is a breach of contract and definitely is an illegal taking. However, I don't want the NWS addressed by the courts as a Taking. That wouldn't maximize our payout. I want the NWS addressed as a breach of contract as that could nullify the entire 3rd Amendment.