Replies to post #740046 on Fannie Mae-No Politics (FNMA)

[955]

That is by definition, THEFT.

The government has structured the Conservatorship to deprive shareholders of all economic benefits of ownership, but hey, you can keep the title.

[Robert from yahoo bd]

If the Supremes reject the Writ, the federal government will have a new blueprint for future Nationalizations in the United States of America.

[KenKong]

You forgot one …

D) right to vote our shares in shareholder meetings.

That is THE right that was taken. Ownership of the company!

[kthomp19]

Judge Lamberth said, in one of his rulings, that the rights to dividends is an important stick in shareholders' bundle of rights and that the NWS removed that stick. It certainly has value, which is the entire point of the trial.

In terms of economic rights with regards to the company, both junior pref and common shareholders really only ever had dividend and liquidation preference rights, each of which were extinguished forever by the NWS. At one point common shareholders had voting rights too (with respect to the operation of the companies), but those were removed in 2008 when conservatorship started, not in 2012 when the NWS was signed.