Replies to post #384465 on Fannie Mae-No Politics (FNMA)

[navycmdr]

Judge Wheeler already ruled in the AIG case the GOVT cannot

give a loan + interest and also take stock ( that includes warrants)

http://www.newyorker.com/business/currency/whats-behind-the-overwrought-reaction-to-the-a-i-g-verdict

These reactions, though, go well beyond the scope of Wheeler’s actual ruling, which ultimately came down to a simple question: Did the Federal Reserve have the legal authority to take over a private company? (As part of its bailout of A.I.G., the government took ownership of 79.9 per cent of the company.) Wheeler ruled that it did not.