Fannie Mae (FNMA)

[Robert from yahoo bd]

What seems so obvious after years of prying the appropriate "smoking gun" documents out of the clutches of an obstructionist Uncle Sugar (he had hundreds of Billions of reasons to do so!), including perjury by a top ranking FHFA official (Mario, now retired), I think has seen the light of day convincingly with the current panel of Justices ruling on this (and no more appeals on the issues presented in Collins from SCOTUS). I am looking forward to read what they think.

The parade of governmental officials involved in the largest nationalization on Earth has always baffled me, and I understand your skepticism, however, despite the wheels of justice grinding slowly, more times than not, they get it right in the end!

For the Judicial Branch of our Democracy to give a green light to the Executive and Legislative Branches that the type of governmental power used here to implement a defacto nationalization of two of the biggest private corporations on the face of the planet would be a sad day indeed and won't stop with the twins!

Perhaps we are moving to a more Socialist Society as you have alluded to in numerous posts (It worked so well in Venezuela and elsewhere, right?), but I have always placed my bets on the Rule of Law, the power of our great American democracy, and the fundamental market principles espoused by Adam Smith in the Wealth of Nations!

We'll see what happens!