Replies to post #428887 on Fannie Mae-No Politics (FNMA)

[LongWoolyWilly]

Well said!

How dare you confiscate our property through lies & deceit, and then expect us to lose 80% of it to have the remaining 20% released. If this is not extortion, I wonder what is!

[jog49]

Besides, no matter how it is spun, those warrants were issued to serve as collateral. They were not freely given by the shareholders of the corporations and I'm reasonably sure that disposition of 79.9% of both corporations, under corporate law, would require approval by the equity holders of both corporations. There was no approval and the percentage was set by the government without further shareholder approval. The value of the warrants at the time of issuance was a mind boggling, utterly ridiculous $40,000! I would have written that check myself.
Let's have a jury trial and see if a jury could possibly be seated that would side with the government's ridiculous premise.

[955]

Well said cfljmljfl. Time to dig that foxhole.

" The warrants are neither illegal nor unconstitutional. You don't get to define what those terms mean, the courts do."
What is mine is mine , you can only change that if I allow .
My property is not for others to dictate its use .
What is mine , I define what is legal .
When property taken unauthorized by the owner , the life of the taker is in the hands of the owner .
This is not for debate or compromise .