Fannie Mae Preferred S (FNMAS)

[Letgoofmyfannie]

GSE YIELDS FOREVER

[GSE Loan performance has always been exponentially superior to anyone else’s]

Let me show you how we robbed the GSEs
Their Profits we steal
And no one's gotten hung about it
GSE yields forever.

[The GSE’s continually maintained robust liquidity throughout 2008, right up until the date they were taken over by the US Government, September 6th, 2008]

Fooling the people was easy
They misunderstand what they see

[[The GSEs were adequately capitalized on the date they were taken over by the US Government according to the testimony their Regulator, James B. Lockhart]

It wasn't hard to plant lies in the Media
We're bulletproof now you see...

[The GSEs liquified the mortgage markets after all other private players turned off the credit spigot in 2007]

Let me tell you how we stole the GSE yields
Their Profits we steal

[The GSE’s never needed a government bailout to fund a cash shortfall or operating expenses]

[The Third Amendment sweep to the Senior Preferred Stock Purchase Agreement, which drains the GSE’s of all earnings and equity now and forever in the future, is without legal precedent]

Not one SEC indictment over it
GSE yields forever.

[The GSEs were able to service all maturing debt from ongoing operations before and after the government takeover]

No one in the Media digs up the facts
I mean these journalists are hacks
Or else they can't tell the truth or are just shills
Lawsuits will prove they were had...

[The liquidity crises that defined the 2008 financial crisis were all caused by risk exposures to private label mortgage securitization]

Let me show you how Treasury stole the GSEs
See what they done wrong
You'll want them all hung about...
GSE yields forever.

[The GSEs’ non-cash accounting losses for fiscal years 2008 - 2011, which necessitated draws of taxpayer funds, were entirely reversed during fiscal years 2012-2013…moreover no financial institution or market ever faced any liquidity problems tied to any risk exposure to Fannie or Freddie]

Let me tell you now we're gonna keep the pressure on
Call them out on their wrongs

[Proponents of any type of “reform” to replace the GSEs offer zero empirical evidence that their proposals have ever worked in the past]

And get them all hung about...
GSE yields forever
GSE yields forever
GSE yields forever

[Mr. Capuano questions Mr. Lew on Capitol Hill]

[FHFA operates under a statutory scheme that requires it to support the ongoing financial health of the GSEs. FHFA has no legal authority to do or pursue anything else]