Fannie Mae-No Politics (FNMA)

[leea]

Read one response to Bloomberg opinion on FNMA:
Author of this article seems to have undemocratic plans. Author has not used historical facts, corporate legal framework, common sense, constitutional rights of individuals as taxpayers and also shareholders, limits of government authority in a democratic capitalistic system. This article is another vicious provocation to derail economic progress we have made since post recession. All citizens have the same rights irrespective whether they pay taxes or not. So making taxpayer's money any holier than money of ordinary citizen is devious. By author's logic any company which has used taxpayers money to survive should be siezed by government. So shareholders of all the companies that have used bailout money like Chrysler, GM, AIG, Citi etc should not have any rights. It is the USG which created these companies and created laws to govern and manage these companies. By any imagination shareholders did not mismanage and create financial crisis for these companies. USG helped these companies to save US economy, the way it helped so many companies. USG should make sure that these companies pays back the money with reasonable ROI and return them to original status. Then it should think of reforms. As a supreme authority/leader, USG has moral obligation to use its authority to set an example for explemplary corporate conduct within legal framework.