Fannie Mae-No Politics (FNMA)

[jeddiemack]

Okay,

I read clearly that Richard Bove' states that the federal government has broken the law and essentially consipired to rob the shareholders of Fannie and Freddie.

So, the Federal Governement is worse than MADOFF.

Now, what is the appropriate punishment for this behavior?

a. just release fannie and freddie. as Bove writes and keep the 200B in Snr Preffereds and 80% of the common?

b. release fannie and freddie. Cancel the warrants, and offset the repayments -v the money extended and call it 0 or pay back to fannie and freddie the excess?

I guess my question is ... what is the penalty for acting in this manner. If it were you the reader or someone else; you'd be doing a "stretch". What is the punishment?