FHFA Unconstitutional: Supreme Court
While we shareholders knew that, having the US Supreme court to say it speaks much louder than when WE say it.
Now, the only question which remains is "What is shareholder remedy?" (For the government improperly and unconstitutionally "taking over" FNMA in a massive scandal of fanniegate deception engineered by the Obama Administration to confiscate the entire profits of the GSE's AND
violate the premise of the conservator which is to conserve and preserve "and not pay dividends" if it would result in undercapitilization. Which is exactly what the FHFA did with the net worth swipe...confiscating all the dividends and leaving us undercapitalized.
The obvious remedy? Put it all back the way it was before the conservatorship or the NWS. This would mean the government would owe shareholders around 140 billion, which amonts to about 128 PER SHARE.