Fannie Mae-No Politics (FNMA)

[Letgoofmyfannie]

"Too big to fail" are some fancy words

Alito sure sounds like one of those dirty rotten property stealing commie rooskie red... oh sorry we're friends with them now; Congress has long wanted to be able to de facto nationalize any industry like in Russia and Venezuela, and now SCOTUS has schooled them as to how to do it.

Any company/industry now can be nationalized under the guise of being "too big too fail" via citation as a risk to 'national security', or done in the name of 'stewardship of the environment', blah etc., just copy the pertinent language in HERA and you're all set. Facebook? Twitter? Why not, they make $ billions. One can get creative and find rationales to take over the pharmaceutical industry, the oil industry, solar, timber, anything that makes money.



https://en.wikipedia.org/wiki/Conservatorship:

"" When referring to government control of private corporations such as Freddie Mac or Fannie Mae, conservatorship implies a more temporary control than does nationalization. ""

"" Again, in the U.S. at the federal level, in September 2008, the chief executive officers and board of directors of Fannie Mae and of Freddie Mac were dismissed. Then, the companies were placed into the conservatorship of the Federal Housing Finance Agency (FHFA) via the determination of its director James B. Lockhart III, with the support and financial backing of U.S. Treasury via Treasury secretary Hank Paulson's commitment to keep the corporations solvent.[8] The intervention leading to the conservatorship of these two entities has become the largest in government history, and was justified as [a] necessary step to prevent the damage to the financial system that would have been caused by their failure. Entities like this are considered "too big to fail".[9][10][11][12] ""



Govt. could have gone RTC route with the twins but explicitly chose not to, why? Billions in profits for years, that's why...

https://www.investopedia.com/terms/r/resolution-trust-corporation.asp

"" Perhaps a sharper criticism, however, is that the failing S&Ls seemingly posed little threat to the global economy, global markets, or, arguably, even the U.S. economy. Most economists today do not point to the S&L crisis as the primary cause of the 1990-91 recession, for example. In retrospect, the threats posed by the failure of many small savings institutions pale in comparison to such things as the failure of Lehman Brothers in 2008. ""

"" Some may argue, however, that the experiences of the RTC, especially the pooling and packaging of assets and allowing the government to participate in any market upside from the bailout, helped in making decisions about future government bailouts. ""



SCOTUS in Collins has granted broad new powers and latitude in government imposed conservatorships, and ratified the taking of profits in such cases, in defiance of the common law origins of conservator duties.

https://dictionary.thelaw.com/fiduciary-duty/:

FIDUCIARY DUTY

THELAW.COM LAW DICTIONARY & BLACK'S LAW DICTIONARY 2ND ED.

"" The duty of care and loyalty and reasonable and impartial judgment owed when in a fiduciary capacity, being in a position of trust, e.g. a guardian or trustee. ""

--Too big to fail (to make mountains of mazuma), indeed; how many $ billions has the govt scammed by now?



--We need a new national anthem to go with the new flag design. This one seems ready made:

Dasvidaniya, comrade!