Fannie Mae Investors Don’t Need Rep. Delaney’s Sympathy

Fannie Mae Investors Don’t Need Rep. Delaney’s Sympathy

Fannie Mae

Photo by NCinDC

Fannie Mae Investors Don’t Need Rep. Delaney’s Sympathy by Investors Unite

At a conference hosted by the Bipartisan Policy Center, Rep. John Delaney, D-MD, dismissed very bluntly the claims of shareholders in Fannie Mae and Freddie Mac.

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“I do think the claims as related to these interests are some of the most unsympathetic claims that I have heard in my life,” Delaney said.

That is a rather dismissive attitude about retired teachers, law enforcement officers, veterans, homemakers, computer programmers and other hard-working Americans who invested in the GSEs for education funds for their children or for a well-earned retirement or to buy a home.

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It is apparent that Delaney does not fully understand what this litigation is really about: Government actions that run afoul of both the law and the Constitution. Investors and taxpayers, indeed all Americans, should have confidence that the government cannot just roll in and take their property without appropriate recompense. The Fifth Amendment of the U.S. Constitution, which Rep. Delaney swore to uphold when he took his oath of office, explicitly prohibits such takings.

At the same time, Delaney does seem to recognize the net effect of the Third Amendment Sweep. He commented that there isn’t a lot of appetite for changing the status quo as it concerns Fannie and Freddie because, in part, “the government is making a lot of money off of it.”

Yes. And this is not what the law intended.

GSE shareholders don’t want sympathy: They want their government to uphold the rule of law and enforce the same legal rights that all investors have.  And that is what Investors Unite will continue to pursue.

More from Investors Unite

  • Investors Unite Responds to Judge’s Decision Against Shareholders in Fannie Mae, Freddie Mac Shareholder Lawsuit
  • Guest Blog Post: Engaging “relevant stakeholders” means GSE shareholders
  • Fannie Mae and Freddie Mac Investors in Atlanta Implore Government to Follow The Rule of Law
  • Mr. Wallison’s Curious View of the Rule of Law
  • Investors Unite Files Amicus Brief In Support of Perry Capital Appeal of U.S. District Ruling

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  1. No, these are buzz words of right wing sites like VW, I just use their own words against them.

    What VW is pretty much promoting is the govt taking over bankrupt businesses (communism), turning it around and then re-privatizing it (capitalism), so which one is it, commies or capitalist hacks?

    Please correct me if Im wrong. I once invested in FNMA after its collapse, I indeed made a quick buck, back then I saw articles like this arguing for the opposite (shutting it down) by great champions of capitalism, so Im just calling out on the hypocrisy.

  2. What this article is saying is, if a company is going under, then the govt should overtake, turn it around, and give it back to some other owner who initially had no stake in the company when it under. What kind of capitalists support for that, oh yeah the type who is part commie.

    Common, to act as if that the original investors are still invested is simply disingenuous, exactly what ValueWalk is good at. Ive thought that FNMA investors will be in the losing end, but after thinking about the supreme court Ive actually changed my mind, given that this supreme court is the most corporate supreme court in history.

    I would be for a re-privatization,if they completely wiped out the investors, grant the original stock holders back a stake and went for an IPO.

    Clearly, a value walk affiliated guy has invested a substantial amount of money into FNMA to make a quick buck, so quite frequently youll put on sad articles portraying yourselves as the heroes defending the teachers etc who originally invested in FNMA.

    AT LEAST HAVE THE DECENCY TO DISCLOSE IF YOULL HAVE A DIRECT OR INDIRECT BENEFIT FROM FNMA GOING PRIVATE AGAIN, EVEN IF YOULL (by youll, I dont mean VW the company, but one of your executives or someone who is paying youll to do this )DONT HAVE ANY STAKE. I do realize that VW doesnt really do a good job at journalism, but please have the decency to do this.

    All the people invested now are mainly lazy investors trying to make a quick buck.

    Value walk or any of the other “heroes of the middle class” were not interested in FNMA when it was showing billions of losses, in fact these same people were the people that claimed “if you invest money in stocks, you should know the risks”, but I wonder what changed, probably someone from VW has a stake in it.

    Value walk, you’ll are commies, if “hard working Americans” invested money on FNMA “then they shoudve known the risks”, not my quote, these are quotes of “capitalists” hacks like youll. In reality you’ll are commies, pathetic.

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