Replies to post #714030 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The federal court of appeals ruled that the NWS wasn't a takings (could still be appealed to SCOTUS).

Seems odd though doesn't it Familymang, for a three Judge Appellate Panel to deny a Plaintiff access to the courts to Litigate their alleged 5th Amendment Constitutional Right Claim.

Even the Supremes mentioned that this sounds like a nationalization.

So, if allowed to stand, the next time a Board of Directors of a Private Corporation (e.g., JP Morgan and other large systemic financial intermediaries or any other private corporation) is faced with the prospect of allowing the federal government to step into their shoes and trust that they will right the ship, it would likely be malpractice for the Board of Directors to relinquish control despite a worsening financial calamity.

It's only a matter of time until there is another future financial calamity or confidence crisis.

[Guido2]

WRONG!

You left out a very important part: NWS can be used for the benefit of FHFA or the public it serves. ACA and the Wall are not "the public it serves". The public it serves is limited to Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

https://www.fhfa.gov/AboutUs

[jog49]

"The federal court of appeals ruled that the NWS wasn't a takings (could still be appealed to SCOTUS)."

So, as Clara Peller used to say "Where's the beef?" Or as shareholders can say "Where's the f**king money, Mr. Conservator?" If it was taken to conserve and preserve, let us see it. It does, after all, belong to us.
If, by chance, you took it and squandered it, then you have a problem!