Replies to post #269142 on Fannie Mae-No Politics (FNMA)

[MarketMaker128]

I guess what I'm after is a separate issue. Regardless of whether putting them under FNMA/FMCC was done for the good of the country and whether such act falls under the category of eminent domain, the overestimate of the potential credit losses still falls under misleading information from shareholders' point of view. If there are no litigations focusing on this issue, I think someone ought to take a closer look into this issue IMO.

[955]

BINGO MRFENCE! You've hit the nail on the head. This has been my greatest concern from the get-go. Give Gov an inch and they'll take a mile.

Since the respective heads of the GSE's were coerced into signing the GSE's over to the FHFA for the good of the country, the shareholder suits to date have only objected to the subsequent profit sweep while stating that they were not arguing about the original takeover in a patriotic gesture of understanding, and acceptance which was a huge mistake IMO!

[Mikey Mike]

...mugging? that's all? feels like rape and robbery too...just didn't use a weapon...not yet atleast...