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Fannie Mae, Freddie Mac: Similarities To Yukos Case?

Value Walk

August 3, 2014, By Tim Howard

 

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.

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