Fannie Mae-No Politics (FNMA)

[kthomp19]

Fifth Amendment doesn't say they cannot do it but if they do it they must compensate.

The Fifth Amendment says (emphasis added):

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

The shares issued in the secondary offering are not for public use, they are for the benefit of private investors. Therefore the Fifth Amendment is not violated.

IMO that is what MC said that he need to talk to UST of payout shareholder.

I suggest you listen to the interview again. Calabria never mentioned a payout for shareholders. That was only part of a badly written headline written for a story based on that interview. Calabria only said that the common shares trade now and will continue to trade (and exist) in the future. He said nothing about what they will be worth, or that they would receive any sort of payout.