Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I was particularly troubled when the SCOTUS bought into the "King can do no wrong" theory of federal governmental powers and in essence denied the trial court the ability to determine whether or not the "Death spiral narrative" was valid. Disturbingly, the public record and publically available discovery information was ignored by the SCOTUS in their "analysis" of the nws.

I mean I understand the great deference given by federal courts to governmental actors but here a 13 year conservatorship that has resulted in the pilfering and nationalization of the private property of shareholders just has some surreal qualities about it.

I think the 5th Amendment Takings Clause cases have some legs and it will be interesting to see how all this plays out but it is going to take some time for the courts to work through alot of these issues and so long as the federal Judges continue to buy into whatever the government is saying it could be a very long time....