Replies to post #688989 on Fannie Mae-No Politics (FNMA)

[Louie_Louie]

I'll tell ya what happened....SCOTUS saw that 3 administrations spent every penny swindled from the twins and Mnuchin/Calabria must have got word to them that governments name would be mud and its credit here and with other countries would be blown to hell if the truth got out, going back to day one until present.

SCOTUS fell on the knife for all the high level criminals in Washington and is now complicit in the theft/embezzlement scheme. The next severe down turn we have, a very different picture than 2008 will be painted. I'm not counting covid downturn because it is the first down turn that was not created by banks/businesses or government in a very long time. The government has shown every company out there the need to file bankruptcy, when the going gets tough, regardless of how key or important the business is to the economy. Shareholders will demand it opposed to a government bailout because the shareholders will most likely fair way better with bankruptcy, opposed to bailout (read bailout as: government will steal everything including the kitchen sink).

So even if government deems something too big or economically critical to fail, the business community is going to give them the bird and do fire sale instead, shut down, maybe not even warn the morons in DC. Let the country suffer the loss and another country the gain after all is said and done.

This is what they have telegraphed to wallstreet and businesses, I have no doubt.

[mrfence]

SCOTUS didn't write HERA or any of the legislation that lead us here. They did their job by repairing the Constitutional defect then interpreting the rest of the legislation in a way that it stands under the Constitution. Was it a strain to do so? Yes! And while APA claims did not survive the door to Takings Claims was unlocked under the Constitution. IMO, Takings Claims are much better for stock holders of FnF than APA claims but it's not the SCOTUS task to determine what, if any, relief is due stockholders of FnF so more patience and grey hair will be required to see this trade through. Commons look awesome as a result. JPS may consider leaving their interests to their heirs as they've got a much longer road ahead.