Fannie Mae-No Politics (FNMA)

[Lajrchamp]

Completely agree. Providing shareholders with just compensation a long time ago would have been the answer, but the government wanted to have its cake and eat it too. It didn't want to liquidate F&F, as one would a bankrupt company in receivership. Killing the twins off might have sparked a worldwide depression. But the government didn't want to nurse them back to health either, as that would have resulted in shareholders profiting once again and the government losing its cash cow. So the government opted for this thinly veiled theft, which is about to be exposed. Had Collins been brought as a 5th Amendment "Takings Clause" case, that argument might have held sway with the Justices. If you want everything my shares produce and want to keep taking it forever, you, in effect, want to own my shares, so buy me out. No matter, the government chose conservatorship, and now it's stuck with the law applicable to conservatorship.