Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Another Nationalized Corporation from 2012; Investors 1 Banana Republic 0, todays WSJ:

Argentina Owes $16 Billion in Expropriation Suit, U.S. Court Rules; Decision comes as country faces economic crisis and presidential election

"A federal judge in New York on Friday ordered cash-strapped Argentina to pay about $16 billion over the government's decision to seize majority control of the energy company YPF in 2012.

Following a trial, U.S. District Judge Loretta Preska ruled in March that two YPF shareholders were owed compensation for the unlawful expropriation. On Friday, the court set the parameters for calculating the damages and interest Argentina owed to the litigation financier Burford Capital, which had taken on a lawsuit on behalf of the investors. Shares of Burford jumped 15% and 23% on the New York and London stock exchanges, respectively.

Argentina's government said in a statement that the ruling was flawed and would appeal.

The South American country is struggling with inflation topping 113% and a shortage of dollars while preparing for next month's presidential vote. Javier Milei, a libertarian outsider who rails against recent governments' economic policies, won last month's presidential primary .

YPF was expropriated in 2012 under President Cristina Kirchner, who currently serves as vice president, in an initiative spearheaded by her economic adviser, Axel Kicillof."