Fannie Mae-No Politics (FNMA)

[kthomp19]

I say again what makes you think any of that matters if after the court rules on a full b;lpwn takings/nationalization that the shares wouldn't get extinguished and compensation is due only to those that held shares on the date of nationalization?

You had asked this before, and I started to write a response but I will just do so here.

How exactly does a court rule that a nationalization has taken place? Which case(s) are you referring to when you say that?

My impression is that courts only rule on the claims brought before them. Plaintiffs have said that the NWS was de facto nationalization but not actual nationalization, but that was just a vehicle to make their claims more persuasive.

Actual nationalization has not happened. The shares still trade among private investors in a public market. I don't believe extinguishing the shares is of any benefit to the government; why would they bother with that? FnF's charters (see Section 303 on page 11) also mandate that they are shareholder-owned companies, so actual nationalization would require a change to the charter, which in turn would require action by Congress.