You really should create a new user name after that last response.
To begin, you are not being honest in regards to what Mr. Howard has been privy to.
He has been hired as a consultant by plaintiffs. You don't know what he has been privy to.
And sure board members should give credence to an anonymous poster playing a lawyer on a message board over Mr. Howard's miniscule understanding of the enterprises...
"Timothy Howard was a senior executive at Fannie Mae for 23 years. After beginning his career there as chief economist in 1982, he quickly became involved with financial matters. He was given responsibility for managing Fannie Mae’s largest business—its portfolio of purchased mortgages—in 1987, and in 1990 became the company’s chief financial officer. He added the duties of chief risk officer in 2000, and was named vice chairman of the board in 2003. When Howard left Fannie Mae at the end of 2004, it was safely and profitably financing more than one in every four home loans in the U.S."
The lols that this deserves would use excessive bandwidth, so I've created a new abbreviation in your honor... Lol Infinity, lol8.