Replies to post #778073 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The Court of Federal Claims (OFC) case was related to an Unconstitutional 5th Amendment Takings Clause Case that made it's way up the Appellate court ladder where the Judges ruled that because the Shareholders were missing the right to exclude, an essential element for a Takings Clause Claim, the Shareholders could not continue their case. The US Supreme Court denied Shareholders Petition for a Writ of Certerrori.

So that particular Takings Clause Claim was denied.

In the DC Federal Circuit Court Case with J. Lamberth, a unanimous Jury found that the FHFA, when it stepped into the shoes of Fannie Mae and Freddie Mac as their Conservator, violated the implicit contracts that all corporations have with their Shareholders, to engage in good faith and fair dealing with them.

Pretty sure we're looking at an appeal on that one.

If that is the case that would make what they did in part illegal right? Which if that is found to be the case couldn't it be used in part to nullify the whole senior preferred purchase agreement?

Not really 100% sure, some say that the SPSA only allows the US Treasury to nullify the SPSA.