Replies to post #406025 on Fannie Mae (FNMA)

[capitalismforever]

There is very little difference between a bankruptcy and conservstorship. Don't let the semantic difference confuse you. In bankruptcy, the court is even called "the conservator". They both involve being taken over and controlled by a 3rd party. The goal of chapter 11 and government conservstorship is the same; to preserve and protect the assets until they come to a conclusion on what to do.

P.S. like a government conservstorship, a bankruptcy can be forced, as well.

[Donotunderstand]

lets get facts straight

The BO administration - working with lots of parties in interest - with Steve Rattner in charge - TOOK GM into a pre arranged CH 11

GM did not "go bankrupt" in the typical sense

A pre arranged outcome was determined first ---- and then the GOV led GM into 11 by the hand

Lets give the BO administration some credit for that huge win

Even while I will say the NWS by the BO administration was IMO illegal and wrong