Replies to post #331952 on Fannie Mae-No Politics (FNMA)

[KnoxMan24]

That's sweet music being sung by a Syracuse Law prof. Nice find Navy.

[RISK_IT]

Bottom Line..

Quote:
"If the profit sweep does not amount to self-dealing by a fiduciary, it is difficult to imagine what would."

[Patswil]

Excellent find Navy---I wonder why the PPS is still in the dumps? We are obviously winning this war on all fronts--accounting fraud is a pretty BIG deal too

[955]

The potential ramifications of the ruling are far-reaching because by characterizing Fannie and Freddie as private companies, the Ninth Circuit effectively held that they are governed by ordinary rules of corporate law. In particular, shareholders may now be able to sue the GSEs’ boards of directors – which have effectively been displaced by the FHFA – for breaching their legal obligations under the conservatorships established in 2008.

Letters sent to Both Board of Directors:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121086628