Fannie Mae-No Politics (FNMA)

[chessmaster315]

Good points. If the board "gave away" my company for peanuts, causing damages, they could be liable it would seem. That would be a breach of fiduciary responsibility...giving away our company worth billions to the government for a fraction of its value.

We elect the board of directors and expect, and deserve, the board to act in the interests of the shareholders...not the government. In this instance, when the governments interests conflict with those of shareholders, the board, needs to look and see who signs their paychecks...shareholders. We also elect them, and can kick them out when shareholders feel one or more board memebers is not making decisions consistent with shareholders interests. Maybe we need to elect our OWN board of directors, consistent with our interests, and have the board decide to exit the cship. That is, we elect only board memebers who would committ to, and keep their promise of exiting c ship.