Replies to post #406655 on Fannie Mae-No Politics (FNMA)

[Potty]

To get to receivership, then you have to defend the basis of that move -- and that is going to take us to the Courts in a very big way since it makes clear a taking (or whatever pedantic legal term is appropriate) has gone on.

The companies are ridiculously profitable and have been for years. Only a self-dealing change to the terms of "bail-out" have rendered the companies in need of cash. Hence the move to receivership is deeply fraught - even the Courts can see a shell game eventually.

Bring it on, since it will speed our trips to SCOTUS which is where this sorry business, IMHO, looks like it is going to have to end.

I have no faith in Mnuchin or his minions, but I would like to be happily suprised. But I think the Courts are needed to get us a fair shake...

[FastEddie18585]

Correct. I did not know this. Seems crazy to wind them down only to reinvent them, but what do I know? Perhaps there is some hidden agenda, i.e. Bob Corker's Pointer Fund would have an inside track to the IPO of new shares.