Replies to post #363177 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

I do not see the conservatorship as challenged

I do not see the terms as originally set as challenged

The NWS stands alone as the "taking of property"

I am not happy with the GOV's original actions

But if viewed - argued - to be the actions of a debtor in possession - then in most cases the cash "arranged for" would indeed be debt but all equity would have been wiped out day one

See GM where all original equity went to zero and became wallpaper (I am showing my age - when people on occasion had paper certificates with great engraving as proof of ownership)

Some argue no help was needed -

If one accepts (just for a minute) that help was needed then the deal struck which left us - common - with 20% of the company is very much normative and indeed favorable

A conservatorship that sends all profit out of the companies it is to conserve is a violation of purpose and in this case a breach of contract at minimum and a GOV taking in my eyes as a non Atty

[big-yank]

No, I do not see further challenges to either conservatorship or the warrants as possible since the statute of limitations is 7 years and these actions took place in 2008.

Dissenting views welcome. Anyone?