Fannie Mae-No Politics (FNMA)

[kthomp19]

Conservatorship is now bankruptcy….sure….let’s not misguide anyone with this misleading statement.

It is a true statement, neither misguiding nor misleading.

This interview with one of the writers of HERA says it directly. Starting at 20:10 (emphasis added):

A conservatorship is essentially an administrative bankruptcy. So just like a company, like look at Hertz, that's going through a number of problems today, not surprisingly because of a weakness in tourism. You know, Hertz is in a bankruptcy. There is a government-appointed official, a judge, who is overseeing that process. Essentially what I am doing is playing the role of a bankruptcy judge in rehabilitating Fannie and Freddie. They maintain as private companies. My job is how do you prepare and restructure them so that they can leave this process and get back on their feet again.

Do you have any real SEC papers indicating?

My evidence proves my assertion. SEC papers are not required. If you're so worried about SEC papers, ask stockprofitter to post the SEC letter showing that the warrants are illegal. I'll wait.