Russia loses nationalization case chillingly similar to Fannie, Freddie via TimHoward717.com
The Hague’s arbitration court ruled on Monday that Russia must pay a group of shareholders of Yukos Oil co. around $50 billion for nationalizing its assets.The Yukos case bears a chilling resemblance to the U.S. governments current attempts to nationalize the profits of Fannie Mae and Freddie Mac. The similarities are striking; Russia decided to nationalize the companies to exercise a vendetta against some of the largest shareholders as well as to seize the profits to use for the national interests of Russia.
Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and profits
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