Replies to post #302906 on Fannie Mae-No Politics (FNMA)

[TII]

While I agree with your post, I would like to add some additional thoughts.

The Starr (AIG) case is challenging on two separate grounds.
1. illegal exaction (unlike FNMA), which is based on a law/practice that states the Gov't had no authority to own AIG stock at any point and...
2. a takings (like FNMA).

Based on the court filings it appears Starr likes it's chances better for a win due to an illegal exaction and if so, this would have no legal effect on the FNMA cases. If Starr wins based the taking claim (or both and even if the judge awards zero/small damages) then it helps us tremendously imo. It helps set precedent for a takings....not to mention what you state, the Third Amendment is way more egregious than what the Gov't did to AIG.