Fannie Mae Preferred S (FNMAS)

[brandemarcus]

That was not mentioned in the article you cited. Why do you think Daniel Mudd does not want to settle when the government fines will be peanuts-25k?
Perhaps he is still very mad about what happened on that Friday day in September 2008. The one where is "head hit the floor"?

You can label securities "subprime" or anything else. The real question was how many defaulted. Again we know what the actual charge-offs were today vs the loss provisions. The loss provisions are estimates, which can be wildly inflated and were.

I am not very interested in the evidence that the FhA settled with the SEC!
Even you seem to have problems with what the same FHA agreed to with the Treasury on 8/17/2012!