Replies to post #726779 on Fannie Mae-No Politics (FNMA)

[chessmaster315]

Are you selling tin foil hats for your conspiracy theory?

And what ever happened to your hating on Thompson, Investors Unite, etc?

If you listen to the news story, on the previously provided link, it explained the thousand of documents releeased demonstrate what we knew all along:

The US government lied about fannie and freddie, cooked the books to make them appear insolvent, forced the resignation of the board of directors and then confiscated 270 billion dollars from pensioners (shareholders). Obama lied that shareholders were mostly rich hedge funds, when in fact, only about 20 percent of shares were held by institutions, and 80 percent was held by investors like you and me. This was the Robin Hood therory: Its ok to steal as long as you steal from the rich.

Further, the government continued the lie to judges, and to the public, that fannie was in a "death spiral", when in fact it was one of the most profitable companies in the world, ever, earning as much as 54 billion in a single quarter.

Berkowitz Mnuchin were not the corruptors...but they did fail to get fannie released in spite of Berkie putting in hundreds of millions to sue th government.

We dont yet know if the Scotus decision was a 'LOSS", instead that depends on the outcome of the remands. It could become a W. I HAVe posted many shareholder positive things from Scotus decision, however, shareholders were disappointed, and wanted a W, not a remand. Many dont understand what a remand means.

A remand means there were errors in previous decisions that scotus directed the lower courts to review..its far too daunting of a task for Scotus, to weave through thousands of pages of briefs and give a number for damages to shareholders.

Its true that Scotus did not give shareholders what they wanted, but that moslty happens almost every court case, no one winds the whole enchilada..but rather the courts figure out a fair compromise, which rights the wrongs, at least partially, but does not give every shareholder 500 dollars per share, and 10 billion to lawyers.