Fannie Mae-No Politics (FNMA)

[Rodney5]

derivative? Everyone benefits if he succeeds.? Please explain. Maybe I’m misunderstanding this.

A takings claim, Breyer said bring a takings claim.

JUSTICE BREYER: -- and this seems like a takings claim, why should we stretch out of recognition or stretch or try to draw lines unnecessarily on the question of derivative actions? Page 71

JUSTICE BREYER: I'm -- I'm aware of derivative action of the conservator. In fact, he so -- goes so far that the company's hurt, really hurt, and the shareholders are destroyed, bring a takings claim, but as long as there's a colorable claim, as long as there's a colorable defense, forget it. Apply ordinary derivative law. Page 71