Replies to post #303693 on Fannie Mae-No Politics (FNMA)

[frbronfen]

Obit Thank you.
My best regards

[Patswil]

We all know that...unfortunately...there isn't a damn thing anybody can do about. My personal hero, Bill Ackman, hopefully has a pretty good handle on things. If we only knew what his thoughts were pertaining to this

[Paula]

Agree Obit,you are the best !!!

[Patswil]

Greenberg, 90, will also be spending time in a federal appeals court. On Thursday, he filed a challenge to a verdict in his unrelated suit against the U.S. over the AIG bailout.
In that case, a federal judge agreed with Greenberg’s Starr International Co. that the terms of the government’s initial $85 billion rescue of AIG during the 2008 financial crisis were illegal. Without the bailout, though, AIG would have probably filed for bankruptcy and Starr and other shareholders would have lost 100 percent of their investment, said the judge, who didn’t award Starr any money.
The case is New York v. Greenberg, 401720-2005, New York State Supreme Court, New York County (Manhattan).

http://www.bloomberg.com/news/articles/2015-06-18/n-y-top-court-to-hear-appeal-in-state-suit-against-greenberg?cmpid=yhoo

[FreezeThese]

There is no reason to continue the conservatorship.

What makes you trusting of the GSE's to do business lawfully without control/oversight from the U.S. Government? The confidence in these organizations eluded to by shareholders couldn't be further from a representation of the true sentiment shared by that of the general public. Because they're profitable now we merely overlook the actions from the past decade, cross our fingers & hope they do right by the American people this time, and ship them out into the market alone?

The U.S. Government can print money, they don't GSE cash. They're using their authority to prevent the secondary mortgage market from being swayed by conflict of interest which caused the corrupt state it was in leading up and into 2008, the same place most concede financial institutions remain to this day.