Fannie Mae-No Politics (FNMA)

[kabanch]

From Tim Howards blog. $$FNMA$$


FHFA predicted $72,000,000,000 profit 26 days after brazen Soviet style profit grab.
31
Thursday
Jul 2014
Posted by timhoward717 in Uncategorized ˜ 1 Comment
In light of the news regarding the newly leaked secret treasury documents, I want to share a nice little gem. It’s a report produced on October 26,2012 entitled “FHFA Updates Projections of Potential Draws for Fannie Mae and Freddie Mac.” I have attached a PDF file below. Keep in mind the Third Amendment Sweep was signed in August of 2012 to be effective September 30,2012. On page 8 they state,”Furthermore, over the projection period the Enterprises pay additional dividends of $78 billion in Scenario 1 to $32 billion in Scenario 3.” The projection period was from June 2012 to December 2015. Less than a month after the governments Soviet-style profit grab took effect, the government acknowledges that even under the worst case scenario Fannie and Freddie would turn a 32 billion dollar profit by December 2015. The mid-range scenario based on Moody’s “Current Baseline” house price paths produce a whopping 72 billion-dollar profit.
Once again we let the government tell you all you need to know in their own words. With discovery in full swing and reams of documents exchanging hands as we speak, we have only seen the tip of the iceberg. Keep the Faith!

2012-10_Projections_508 2

More secret treasury documents 1:23am
30
Wednesday
Jul 2014
Posted by timhoward717 in Uncategorized ˜ 1 Comment
The confidential treasury documents that were leaked by a firm representing Investors unite today shed more light on the fact that the treasury was well aware that Fannie and Freddie were becoming profitable as early as June 2011.I don’t believe for a minute the anonymous treasury spokesperson who tried to downplay the document by stating “As part of the policy making process, Treasury routinely engages with key stakeholders, market participants and consumer advocates. Treasury did not issue a Request for Proposals, and no contract was awarded.” This conflicts with the opening line in the document which states “We are pleased to have the opportunity to meet with the Department of the Treasury to discuss our qualifications and potential strategic alternatives regarding FNMA and FMCC”. If this truly was an unsolicited proposal wouldn’t they have said, We would be pleased to have the opportunity? By saying, “We are pleased to have the opportunity”they were obviously referring to a prior invitation.
For those of you new to the story, this is critical evidence because it completely contradicts the reason treasury claims it initiated the third-amendment sweep.
I also have an article from CNN dated November 7, 2011 titled “Cost of Fannie & Freddie bailouts trimmed.” This article shows that they absorbed the data that was revealed in the secret treasury documents quite well when they stated-“FHFA’s report Thursday estimated that future profits by Fannie and Freddie will start to reduce the net costs of the bailouts starting in 2012 or 2013.” The last draw from the treasury was February 2012, the sweep was initiated in August of 2012. Could it be more obvious?
I want also to point out that after our blistering critique, Barrons removed the “Why Uncle Sam Won’t Free Fannie and Freddie Yet” article from their web site. Our “Rupert strikes again” post was on top of the google news search for Fannie Mae for a few days. We are obviously having an impact. Keep the Faith!

Secret Docs 6:11 2

http://money.cnn.com/2011/10/27/news/companies/fannie_freddie_bailout/