Fannie Mae-No Politics (FNMA)

[jeddiemack]

Least we forget the earlier arguments.


Remember the FHFA has already postulated that in its capacity as Conservator its not "government".

So, is it or isn't it?

If it is a non public entity then there is no "executive privilege" that can be extended. Last I saw, IBM didn't have such luxury.

If it is an agency of the US Government then - there are other serious consequences. One would be the fact that the Governement took control of Fannie and Freddie and "gave themselves" 80% ownership through free warrants and then swiped 100% of the "Net Income" on the reversals of all the phony accruals all in a deal negotiated with themselves.

It don't get any better than this.

Again, pick your poison.

Put a tent over it and sell tickets. This circus is just starting.