Replies to post #767854 on Fannie Mae-No Politics (FNMA)

[kthomp19]

You forget that the taxpayers have been paid back 3 fold.

Nope. Treasury paid $187B in cash to FnF and got $310B back. That's not even two-fold.

Government by constitution is not in the profit business.

Their actions disagree with your theory.

Anything more is a clear cut Takings case

Takings cases over the NWS were already brought and all of them are either dead or nearly so. Good luck trying to get a takings case over a senior-to-common conversion (which helps the companies!) to stick.



(from another post)

They can’t cancel commons and take away our shrholder rights.

A senior-to-common conversion is not a wipeout or cancellation of the existing commons. It's just a huge amount of dilution, the same as what happened with AIG.