Replies to post #204875 on Fannie Mae-No Politics (FNMA)

[IL Padrino]

She's just stating facts. It's true as she said. Fairholme is suing because the entire thing is crap.

[Dax1]

I agree with everyone's feedback. I'm just asking everyone to contact your congress people. Let them know we are out here, and we do have a voice, and a vote.

[trunkmonk]

She must have not taken, or missed, her accounting and finance classes. she may think she is stating facts, but laws have been broken. her interpretation of dividends dont agree with reality, the impact on them with the unilateral agreement doesnt seem to sink into congress.

[mhill_fin]

Feinstein Reply Smacks of an Invalid Congress Meme

it is also it is important to note that without Federal assistance, shares in these enterprises likely would have lost all value.

It is more important to note that the Federal Assistance was already taken into account in 2008 when they took 80% of the company and 10% dividends on their investment. That was a large concession to the government for an entity with major potential for future revenue streams.

However, we are not even asking to go back against those large concessions. We are just asking to stick to the original deal and take only the egregious return that was already agreed upon.

Very surprised Feinstein cannot see through the meme for what it is. Often corporations come across hard times. They get a "bailout" type of loan. The entity making the loan gets rewarded with a handsome return and the corporation gets to recover and has rights to their future revenue stream. The agreements are all set in place and are not left up to second guessing by congress.

Why does so much of Congress feel it is their right to steal the remaining portion of the GSEs along with their future revenue stream? No new info since 2008 has come out to put the GSEs in a worse light since then. Actually, quite the contrary has happened. It's time for a wakeup call. Passing the right thing to do onto a judge is a very weak position to take.