Replies to post #638031 on Fannie Mae (FNMA)

[action8101]

Powerful

[Robert from yahoo bd]

It's coming Nino! The bow is loaded with an arrow and the USSCT has a bullseye aimed at the NET WORTH SWIPE!

[Guido2]

Wow! First post! Congratulations! Yes, that's a great write up. Should post more often.

[nats1]

Thanks Archoboy! Every man, women and child on this board needs to read this.

Amicus Filed with SCOTUS eviscerates the NWS: https://t.co/FcYjtqDVEq?amp=1

I don't think Vartanian saw the humor in the NWS!

Nats

[YanksGhost]

The Deschert/Vartanian narrative and Linda Goldstein's active presence as attorney of record are deeply problematic and represent a potential reprise of the Crapo era initiative to wreck the GSEs with 10% first loss anchors that would potentially sink the future of these enterprises, were they restored to fully private enterprise status. It seems to be little more than the age/old complaint about "the shareholders win in good times, and the taxpayer covers them during bad times" platitudes.

Ending the NWS and removing the government's avoidance of judicial blowback is noble, but using such reduction of government excess accomplishes little if it is only the fulcrum to substitute a utility model that only punishes long-aggrieved shareholders, IMO.

[chessmaster315]

This Amicas is spot on, and does a great job explaining our position: The Net Worth Sweep was illegal, and the government has had a duty to restore our company's back to sound and safe condition. They failed.

[action8101]

Mod Sticky please.