Our govenment has no power to declare a private, profitable company into receivorship, and overstepped its bounds by what it has done so far with fnma as eviced by multiple lawsuits against the government for doing just that.
Obit is, as usual, correct, in that the laws do permit a move from cship to receivorship if certain conditions exist, none of which are present with fannie.
I thank Obit for his research and wisdom on FNMA shareholder issues, and his opinions are a significant factor in my decision to invest.
I hope most of you understand the term obiterdictum or just "dicta"
(or dictum, the plural form).
You see, many judges decisions are used by lawyers as precedence, so that lawyers can argue that what happened in so and so case has to happen here. (if the case is considered precedential). On the other hand, the judge often inserts his opinion in to the case and does not expect his opinion to be used by other lawyers to argue to win their case...its just dicta. If Supreme court justice, Roberts, likes "red" cars, this does not mean we all have to drive red cars because Justice Roberts loves red.