Fannie Mae, Freddie Mac: Similarities To Yukos Case?


Russia loses nationalization case chillingly similar to Fannie, Freddie via

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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As we pointed out in our “motives” post, these are the same reasons Republicans and democrats in DC have embarked on their very Soviet style profit grab.Our government and Russia are operating out of the same playbook in terms of executing the heist and the cover up and denials that followed afterwards. No one should be surprised to see these actions taking place in Russia under Putin. What is shocking is that the United States government would even consider such a thing never mind carrying it out.One would hope that this ruling serves as a wake up call to the U.S. government.

Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)  and Fairholme


With the Fairholme lawsuit still in pre-trial stages, it is already clear that certain individuals within the government participated in securities fraud. The potential charges though serious already are sure to multiply quickly, the coverup is so often far worse than the crime in situations like this. With the day fast approaching for those involved to testify under oath, I think, we can all see where this is heading. Already this week we have shared enough proof that leaves the governments feeble excuse for enacting the third amendment profit grab in shambles. Short of the government having an “Amazing Grace” moment the issues involving Fannie and Freddie will likely explode into one the biggest scandals to ever rock our nation.

I want to close with a video clip from a moving community band concert I had the pleasure to watch this week. As I watched it, I was reflecting on the gigantic sacrifices that have been made to preserve our nation as a beacon of freedom and democracy.It would be a shame to see our nation reverse 238 years of freedom and start down the same road that Russia has been hobbling along for decades. As I have said before our cause is much greater than a fair distribution of profits. It is about an attack on the heart and soul of America, never stop keeping the faith!