Fannie Mae (FNMA)

[brandemarcus]

1. Read the newspaper accounts of why the cfo killed himself. He actually objected to how the government was running things in 2009. He was quite depressed at the violation of fiduciary duty that was clear to him at the time.

2. On your privatization plan-great! Stock prices back to 2007 levels of over 50 per share when there was no explicit federal backing. Loan quality is so much better now than it was in 2007 and net core
income is also higher. What about the implied backing you might ask? How do you charge for belief insurance but not tangible insurance is my answer. What other corporations get charged for implied backing but not explicit? Where do you stop?

3. As to the income taxes paid by the gse's or lack there of-Why should they pay taxes on your" phony profits" but not be allowed to use the net operating losses created by the "phony losses". They should be allowed to do what any other corporation under our tax laws can do.


4. Russian plot of 2008: In order to create the fear necessary for this, it's logical to think the Russians were shorting the stock in 2008. So to reward them for being our allies against terrorism, Paulson trashes the stock with the warrants and 10% interest charges, phony accounting etc. That will show them not to make such threats ever again! Now I am beginning to understand the scandal that they want to keep secret.