Fannie Mae-No Politics (FNMA)

[kthomp19]

I would think that when the courts look at all this they would set damages for stockholders at the point where all this took place - in the $60 range - not the $7 people here are talking about just before the NWS was implemented.

$7 is what FNMA traded at the day before conservatorship started. Just before the NWS was implemented it traded at $0.30.

Supreme Court precedent says that in a takings case what matters is how much the property holders lost, not what the government gained. That caps damages at the price of the shares on the day of the taking, perhaps with interest.

The only way you can claim $60 per (common) share in damages is to somehow prove a taking on the day the shares traded at $60. Nobody has done so to date.