Replies to post #6934 on Fannie Mae Preferred S (FNMAS)

[Letgoofmyfannie]

<<" - it's theft."

It all depends on your perspective. The gubmint could take the position that "Had we NOT interceded the companies would have gone bust and you would have ended up with nothing anyway>>

--The gubmint will have to prove they would have gone bust anyway.

And thieves generally have justification (often lots of it) for what they carry away. Usually not a winning Defense.