They nationalized two private corporations. That's about all one needs to know. No different that nationalizing Microsoft, Johnson and Johnson, Exxon-Mobil, Cisco, and on and on and on. Our laws have been broken by the government.
If you are going make these points, at least find out the role of conservatorship. Your #4 is not even in the realm of possibility.
If conservatorship was ever needed in the first place, it certainly hasn't been needed for several years now.
Even the guy living under the bridge down by the interstate can determine that fact.
Closing price on 29 OCT 2007 was $57.42 per share and a quarterly dividend was paid that date of 50¢ per share. Three more quarterly dividends were paid following this time of 35¢, 35¢, and 5¢. Share price began spiraling down to under $1 and dividends were suspended after the government began its meddling. My father owned Fannie and Freddie shares for his retirement years because it was the American thing to do or, as he was led to believe. Considering historical share price, he probably bought some of his shares one or two shares at the time, knowing the dividends in the future would help with retirement years. When he passed away, his shares had little value when compared to original purchase prices and the dividends on which he would depend disappeared upon the government seizing the two privately owned corporations.
My father was a loyal American who tried to do "the right thing" but had to suffer this indignity of being robbed by the government he held in such high regard. As the person who inherited his shares, I hope those like Paulson, Geithner, Crapo, Warren, Corker, etc., to whom this was a game of power and control, all burn in hell!
Watergate was getting caught shoplifting some candy compared to this conspiracy. This one is actually ruining the "golden years" for some of our citizens.
They have no fear because they know absolutely nothing is going to happen to them for their actions.
The easiest solution would probably be for something to happen to them for their actions. I'll leave it up to you as to what that might be!
Many older folks included Fannie Mae and Freddie Mac in their retirement accounts with the idea of receiving dividend payments to support their social security retirement checks. Enter the shysters to play their political games and these older people who thought they would be receiving retirement income supplements from the GSEs are left to struggle; absent this income. The shysters don't care and the court system is so lethargic, who would know if anything is being accomplished there. I am utterly embarrassed knowing that other countries, who have looked up to America for standards, can witness such atrocities against American citizens by those in power/control of this sham of a government.
I would rather see a picture of the guy who would require Faber to have a face lift after trying to beat some sense into him.....which is probably a never ending task.
I don't particularly disagree with anything you suggest in your post. What is wrong, however, is the level that the GSEs remain range bound. Both are generating billions in profits each quarter and will be both released
(voluntarily (by the government) or involuntarily (by the courts) and relisted; fairly close to business-as-usual, pre-2008. Shares are currently priced as if turned over to hospice, waiting for death in as much comfort as possible. That notion is the most ridiculous thing I've seen in many years of investing. IT AIN'T GONNA HAPPEN.....NOT NOW......NOT EVER!
So somebody figure out how a $2 level is being manipulated and maintained.
Now I'm beginning to think Shelby's an idiot. Fannie and Freddie need to be gotten "up and running on their own"? Please! The government has put illegal leases on the twin Goliaths; otherwise they rule the World!
Normal course of action to stop the government is to take them to court but we are finding out that the judicial system might take longer to make a decision than the government!
I'm going to their funerals to poke them with a stick to make sure they are dead!
Well, you might as well hunker down then because it looks to be dragging out at a snail's pace.
Your reply on this thread is probably the closest to reality but even that, we are getting a lesson on how damn poorly the justice system works in this country. In today's system, one can have videos of a murder and these shysters (lawyers and judges) can milk time for the end result for years and years. The notion of a "speedy" trial is a joke, in and of itself, unless it involves something that's newsworthy for the front page or involves a celebrity. Then something miraculous happens and those cases fly through the courts! These GSE cases involve thousands of people's retirements, dreams, and livelihoods and, weighed down by illegal activities by our own government, the judiciary seems to be in no hurry ......... dragging these matters on and on and on. Sweeney ought to held the government's lawyers in contempt of court but no, she's given them even more time to waste! All things said, she is still one of them (a lawyer and a judge).