Ackman files second lawsuit against U.S. government

Comments (9)
Mott wrote:

” .. mortgage companies’ dividends being paid to the Treasury should be shared among other common shareholders ..”

That would be wrong.

Aug 16, 2014 7:54am EDT  --  Report as abuse
JustProduce wrote:

It would be very interesting to see the legality of the government actions; even if in the end they allege eminent domain.

Aug 16, 2014 8:11am EDT  --  Report as abuse

Did not have any problem taking the money, just does not want to pay it back. Just like a Republican, thinking of their back pocket only.

Aug 16, 2014 10:38am EDT  --  Report as abuse
REnninga wrote:

In my opinion this guy should be in prison for stock manipulation. Why he has not already been indicted for his 2-year-long very public campaign to collapse the share value of Herbalife is a mystery. His hedge fund has a large short bet on Herbalife, and he has worked daily in the news media, even creating and posting YouTube videos, to try to collapse the Herbalife company stock. If successful he will make millions on his short. That can’t be legal.

Aug 16, 2014 12:56pm EDT  --  Report as abuse
FreeFannieMae wrote:

Senior preferred stock and warrants are just as illegal as the sweep. This heist was sloppy and they are getting called out finally

Aug 16, 2014 2:19pm EDT  --  Report as abuse
Burns0011 wrote:

Translation:

AFTER the announcement that Fannie and Freddie were going into receivership, this guy comes in, buys Fannie and Freddie stock at a discount, then files suit to try to score a windfall.

Argentina has it correct; investors like these are vultures who look to score easy money off of other people’s faults.

Aug 16, 2014 5:10pm EDT  --  Report as abuse
PGA3 wrote:

17 Banks have been sued by the Federal Government on behalf of Fannie Mae and Freddie Mac! You have to ask yourself. If F&F were to blame why were the banks sued and not F&F? Bank Greed and relaxed lending standards advocated by the Feds caused the 2008 meltdown and then all Toxic Assets loans made by greedy Banks were pushed on F&F so the Feds could wrap their arms around the crisis in one neat package… F&F. Once all the toxic loans were in one spot the Feds forced a loan on F&F to stabilize the crisis. F&F became the Feds SCAPEGOAT and the press pushes that notion. F&F Have paid back ALL the money loaned, plus interest, plus excess billions beyond what was barrowed. F&F have had 10 Quarters (2 1/2 yrs.) of Profits! Once F&F were healthy they were supposed to be released from Conservatorship by the Government. Now the Government is hanging on to this Public company syphoning off all profits like their own personal piggy bank.

Aug 16, 2014 8:35pm EDT  --  Report as abuse

Why not show the books? What does the federal government have to hide/Why aren’t these books published? Why isn’t the media demanding to see them?

Aug 17, 2014 4:18am EDT  --  Report as abuse
PGA3 wrote:

It’s wrong for the Federal Government to re-write the 2008 loan agreement for payback. How would anyone like it if after 2 years in to you car loan the lender said no payments count toward the principal… it’s all interest forever. That’s what they did in 2012 with the 3rd amendment sweep that says all money paid is Dividends for the Feds to keep and nothing going toward pricipal. The GSE’s have paid back more than they borrowed and the Feds won’t let go. They won’t let the companies recapitalize and get healthy that way they can tell the public the companies are not properly capitalized. Duh… keep taking ALL their profits and they can never build any money.

Aug 17, 2014 3:21pm EDT  --  Report as abuse
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