Fannie Mae-No Politics (FNMA)

[YanksGhost]

No secret sauce? Awwwwwwww... what a shame that is. And one more thing:

THERE IS NO SECRET PLAN.

Just like there is no plan of any kind inherent in these ravings. Rather, it is the penultimate "connect the dots" fantasy in Fannieland. Here's the "reasoning":

1. GOV took the goods in violation of its own laws.

2. GOV ignored its laws and kept the goods.

(All good, up to this point).

3. Now GOV must return the goods.

Here's where the fantasy occurs. The money has been spent. No court has been asked to return all of it and most courts have dismissed partial claims for it. The statute of limitations is over for new filings. GOV has no defined history of ever recanting prior actions and gifting $billions back to shareholders. Most shareholders campaigning for such action have suffered no actual losses, just lower gains than sought at the time of share purchase.

Face facts. The pre-conservatorship shareholders may get some recovery of substantial magnitude, at some point, and really deserve one. The speculators that bought distressed shares on the cheap do deserve some eventual return, and probably will get SOME ROI conveyed. But there is NO REASON for some enormous payday because the "Nice Guys in Government" are suddenly going to come to their senses and have a Santa Claus giftbag moment.

Further, there is NO PLAN pending, in circulation or being credibly reported that advances step #3 which has about as much basis in reality as Hogwart's, the Emerald City or the Transformers.


FACTS MATTER!