Government does not own 100% of FnF.
20% of FnF is private.
US protects private ownership.
Private owners needs to be paid at fair market value, even if they take them down.
Otherwise, the constitution of this country will be re-written.
Ultimately, Uncle Sam owns the land and the buildings. Try not paying property tax, one will know who is the real owner... So ideals solution is for Uncle Same to release FnF with explicit support and collect dividends openly as a majority shareholder.
Well, it appears everything means CONFISCATE to the people who wants to squander the wealth of this country.
Right. Only a tiny part of FnF is worth $52. The cap of these two darlings is way more than that. In addition, by law, investors put their money in GSE's because that is part of the condition. It is NOT a secrete that individual investors are investing WITH the government. We are not some random add-ons that some kind harded politicians would hand out charities to. We are the owners of these organizations. We need to get paid. BTW, I own and have been holding FnF shares for more than 5 years...
The fair market value of FnF is absolutely 10 times more than $52 billion.
The value of FnF is to make government intervention effecient at time of crisis. That was exactly what FnF did in the great recession. They are instrumental to stablizing the US financial system. That is where the value of the common shares is. So if Uncle Sam wants to take away FnF without making whole of the shareholders, it is acting either as a thief or a communist.
The fact is true the other way round. Uncle Sam would collapse without FnF. That is WHY COMMON SHAREHOLDERS need to be set free from the rip off....
There is NO doubt FnF stocks are exclusively impacted by US politics. Right now, the political issue is about national DEBT. Which ever part has the upper hand in the debt issue it the winning party. How could the democratics win this round of battle? A realistic solution is lower the debt. How can the administration finance it? FnF. You can see the chain of law suits againt the big banks. That is only step one. The next step is to make money off of the conservatorship. Closing down FnF will not make Uncle Sam any money. Reviving the twin is the ONLY solution. It just takes time and gradual change of tone in propoganda.
I've been investing in the FnF forclosed properties in the past few years. FnF have been doing rather well in maintaining the property and selling it at market value without too much discount. They are able to decorate the houses and sell at a good price, which is going higher and up to or above the loan amount in a lot of cases. In other words, the bail out money from US is simply a way to defraud investors in the first place. It was more of an effort to save Uncle Sams #$%$ instead of helping FnF.