Fannie Mae-No Politics (FNMA)

[Donotunderstand]

the challenge is as a taking because the NW sweep is 100%

if the 10% had gone to 15% or 25% --- then the argument for a taking would be far far more difficult

but since the GOV was removing 100% of profit from F and F - all money made --- they were taking the companies as the companies were not longer able to keep any money

a taking is -- just that - a taking of property - ownership ----=

while not perfect - arguing ALL profit is the company - is what our lawyers are arguing --- that anyone or any gov agency that takes every penny a company earns is TAKING OVER THE FUTURE OF THE COMPANY -- a Taking

again - think 10% or 20% or 30% --- where F and F kept 90% or 80% or 70% ---- it would be much harder to argue a taking