Replies to post #407252 on Fannie Mae-No Politics (FNMA)

[rekcusdo]

"To be honest with you, I do not expect that the government would refund profit, although illegally taking from shareholders. They have millions of excuses for not doing so."

No, of course they wouldn't. That's not what I said though. I said that the court would rule the NWS a breach of contract, in which case the amounts overpaid to the government would need to get refunded back to the GSEs. I'm not, in any way, claiming the government would refund the money willingly.

[jog49]

"To be honest with you, I do not expect that the government would refund profit, although illegally taking from shareholders. They have millions of excuses for not doing so."

Shareholders have something called the Constitution that is suppose to protect our interests in such matters. I don't know if it still is of any value anymore but it will come into play, and we will find out.