Replies to post #377601 on Fannie Mae-No Politics (FNMA)

[navycmdr]

#FannieGate: 9th Circuit rules that Fannie and Freddie are " private companies "

March 3, 2016 Sarah Wheeler

A decision by the 9th Circuit Court of Appeals yesterday could have big implications for a Delaware case where plaintiffs are arguing that Fannie Mae and Freddie Mac are Delaware corporations and therefore are subject to state, not federal law.

Because Delaware law doesn't allow for the net worth sweep of Fannie and Freddie profits, if the GSEs are ruled to be private companies, that profit sweep would be illegal. The 9th Circuit seems to be saying just that in a decision that upheld a district court finding.

http://www.housingwire.com/articles/36442-fanniegate-9th-circuit-rules-that-fannie-and-freddie-are-private-companies

[tcj]

I think it's pretty clear. I'm not sure that just because the CBO considers it one way that it technically changes a legal interpretation. Maybe obiterdictum has a clear understanding on this.

[Stockman1010101]

You post false information. 9th Circuit court ruled Fannie and Freddie are private companies on March 2016.

[Stockman1010101]

If that is true, then why are we able to buy stock/shares in government agencies?
How many other government agencies are we able to buy stock/shares in?

This is a first time in the history of the US that we can own the US government by buying shares in its agencies, HUH????