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LETTER: Ralph Nader questions Obama administration’s ‘legal authority’ to shut out Fannie and
dailycaller.com ^
| 2/22/14
| Patrick Howley
Posted on 02/23/2014 8:52:41 AM PST by ColdOne
full title...LETTER: Ralph Nader questions Obama administrations legal authority to shut out Fannie and Freddie shareholders from future profits....
Political activist and former presidential candidate Ralph Nader is questioning the legal authority of the Obama administrations secret decision to prevent Fannie Mae and Freddie Mac shareholders from obtaining any future earnings in the government sponsored enterprises (GSE).
Nader slammed the administrations actions in a letter he sent to Treasury Secretary Jack Lew, which was obtained by The Daily Caller.
The administrations decision to shut out shareholders means that the mortgage-lending giants Fannie Mae and Freddie Mac, which received a $189.5 billion taxpayer-funded bailout in 2008 that has already mostly been paid back to the U.S. Treasury, could henceforth see its profits going to the government instead of to the companys private investors many of whom had no idea that this policy was in place at the time they invested. This means that the two mortgage giants that largely caused the financial collapse are now essentially nationalized.
(Excerpt) Read more at dailycaller.com ...
TOPICS: News/Current Events
KEYWORDS: fanniefreddie; fanniemae; freddiemac; gretchenmorgenson; morgenson; mortgages; nationalized; ralphnader
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1
posted on
02/23/2014 8:52:41 AM PST
by
ColdOne
To: ColdOne
You know something is terribly wrong when this administration has pushed things to the point where even Ralph Nader is standing up for corporate profits and the interests of shareholders.
To: ColdOne
Come on Ralph, don’t question the king.
3
posted on
02/23/2014 9:00:55 AM PST
by
Mouton
(The insurrection laws perpetuate what we have for a government now.)
To: ColdOne
Sure sounds like textbook securities fraud to me.
4
posted on
02/23/2014 9:01:40 AM PST
by
jiggyboy
To: ColdOne
Yep, and it was part of the long term plan.
They need to be ended.
5
posted on
02/23/2014 9:02:31 AM PST
by
A CA Guy
( God Bless America, God Bless and keep safe our fighting men and women.)
To: ColdOne
... and the unions... they all thought the bailouts were for them.... no no no no, it is all for meh Obama.
6
posted on
02/23/2014 9:02:54 AM PST
by
lavaroise
(A well regulated gun being necessary to the state, the rights of the militia shall not be infringed)
To: FerociousRabbit
Well, the White House NEEDS a big slush fund to pay all the folks whose job it is “bundle and deliver” the votes of the dead.
7
posted on
02/23/2014 9:03:45 AM PST
by
pfony1
(Add just 6 GOP Senators and we "bury" Harry)
To: FerociousRabbit
Well, the White House NEEDS a big slush fund to pay all the folks whose job it is “bundle and deliver” the votes of the dead.
8
posted on
02/23/2014 9:04:08 AM PST
by
pfony1
(Add just 6 GOP Senators and we "bury" Harry)
To: ColdOne
9
posted on
02/23/2014 9:06:06 AM PST
by
SunTzuWu
To: FerociousRabbit
Most people don't know that Nader's a multi millionaire and has been for decades.Those threadbare suit jackets he wears are all part of his schtick.And few people know that Michael Moore,that champion of the little guy who hails from Flint,Michigan,is worth $50 million.
To: FerociousRabbit
Where’s Ralph been? Doesn’t he know the legal precedent was set by that well known lawyer, Al Gore, when he stated there is “no controlling legal authority?”
11
posted on
02/23/2014 9:11:42 AM PST
by
OpusatFR
To: FReepers
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Support FR, Donate Monthly If You Can
12
posted on
02/23/2014 9:15:12 AM PST
by
DJ MacWoW
(The Fed Gov is not one ring to rule them all)
To: ColdOne
I'd like to know who Fannie's shareholders are? All of Fannie's capitalization ratios seem completely bizarre (ROA, ROE). Who owns Fannie Mae if it is a GSE?
13
posted on
02/23/2014 9:32:53 AM PST
by
ReleaseTheHounds
("The problem with Socialism is that eventually you run out of other people's money." M. Thatcher)
To: ColdOne
WAY too late Ralphie.
Your tongue will remain stuck to the flag pole.
14
posted on
02/23/2014 9:38:02 AM PST
by
Paladin2
To: FerociousRabbit
15
posted on
02/23/2014 9:38:41 AM PST
by
BenLurkin
(This is not a statement of fact. It is either opinion or satire; or both.)
To: ColdOne
ohoh—Ralphie’s lookin’ for a visit from the IRS.
16
posted on
02/23/2014 9:38:44 AM PST
by
freeangel
( (free speech is only good until someone else doesn't like it)
To: ColdOne
Hey Ralph, where were you when the GM shareholders were burned by this President?
17
posted on
02/23/2014 9:39:22 AM PST
by
Huskrrrr
To: ColdOne
Legal authority? So let it be written, so let it be done.
18
posted on
02/23/2014 10:00:13 AM PST
by
Truth29
To: ColdOne
Well I guess we know where Ralphie put his retirement nest-egg.
19
posted on
02/23/2014 11:04:06 AM PST
by
Steely Tom
(How do you feel about robbing Peter's robot?)
To: freeangel
Or being found behind the wheel of a crashed Corvair at 3 AM.
20
posted on
02/23/2014 11:09:36 AM PST
by
KarlInOhio
(Recycled Olympic tagline Shut up, Bob Costas. Shut up! Shut up! Shut up! Shut up! Shut up! Shut up!)
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