Fannie Mae (FNMA)

[Robert from yahoo bd]

Let me make it SIMPLE FOR YOU: There is a TREMENDOUS DIFFERENCE BETWEEN NATIONALIZATION OF PRIVATE CORPORATIONS BY A GOVERNMENT AND HAVING THE GOVERNMENT COME IN WHEN A CORPORATION IS BANKRUPT AND THE GOVERNMENT COMES IN TO TAKE OVER!

YOU provided 3 examples: (1) RTC-Here the government took over BANKRUPT CORPORATIONS THEY DID NOT NATIONALIZE THEM! (2) AMTRAK - Do you maintain that the Federal Government EXPROPRIATED PRIVATELY OWNED CORPORATIONS, GIVING THE OWNERS NOTHING or close to nothing? Or did the federal government simply decide to start a corporation (without expropriating private corporations) to serve losing money routes that private corporations refused to service? (3) TVA, was it a EXPROPRIATION (HENCE NATIONALIZATION) OR did the TVA over to buyout the Tennessee privately shareholder owned utility for fair compensation?

I think you are CONFUSING NATIONALIZATION with the government taking over BANKRUPT CORPORATIONS OR STARTING A NEW GOVERNMENT RUN BUSINESS TO SERVE AMERICANS THAT OTHERWISE WOULDN'T BE SERVED BY THE PRIVATE SECTOR (e.g., TVA and CONRAIL).

Here is the definition of NATIONALIZATION from Black's Law Dictionary:
"A government takes over a privately owned corporation, industry, and resource, often without compensation, but sometimes with."

The "sometimes with" compensation could be like HUGO CHAVEZ did to SO MANY US AND OTHER CORPORATIONS, when he NATIONALIZED private shareholder owned corporations by forcing them to accept a buyout at grossly below fair market value.

The Venezuelan Economy doesn't work very well does it?