Fannie Mae-No Politics (FNMA)

[brandemarcus]

Looks like you have found a new location. Here are some of the same old questions that were never answered on the fmcc board:

1. How does the government get to make an agreement with itself to take all profits? How does that not violate the conservators duty to conserve the assets of the gse's?


2. How does the point(net zero) when the gse's pay back more than they took from the government not change the political debate in the slightest
way? What is the argument why you must get rid of them if they are providing a windfall to the taxpayer?


3. Why do you shut them down when the tax payers own 80 % of the common with the warrants that would benefit the tax payers by as much as 300 billion?

4. If the third amendment stands, what's to prevent the government from nationalizing any other company without paying compensation? Who would trust the federal government to follow the rule of law in the future?

5. If the earnings mean nothing for the shareholders then why the attempt to discredit them on the part of the inspector general?


6. How many lawsuits would be filed if the gse's still owed 150 billion? The lawyers think the earnings are important for their case so shouldn't that tell us anything? Why would David Bois and Ted Olson (two distinguished lawyers)take on this case if it had no chance of success. What other hopeless cases have they been involved in?