Replies to post #823319 on Fannie Mae-No Politics (FNMA)

[GreenShoots]

They own the stock, not the company.

[dcpi212]

Someone should ask Millstein.  My understanding is that a debt bondage contract is illegal under U.S. law; even if both sides agree to its terms.  Something about the 13th amendment.  As corporations are consodered "people" under the Constitution I don't see how the SPS cannot be considered paid.  I also recall one of the 5th circuit judges raising this point. 

[BREAKER098]

Typically yes but can be no. Go figure....