Replies to post #473045 on Fannie Mae-No Politics (FNMA)

[whipstick]

It's irrelevant in terms of the original question though. If past mistreatment of shareholders is enough to stop anyone from ever investing in FnF again then we are all screwed: the companies will never be able to recapitalize. The mistreatment already happened, and paying a bunch of money to current shareholders is no remedy at all because the shareholder base has turned over so much since then.

oh since the shares have traded the rights of those shares no longer matter.

good point

A thorny question. I think they certainly needed some intervention, but not the concrete life preserver that Treasury tossed them (and that Lockhart forced them to accept).

It's not a thorny question - it's a cover up. there is a difference.