Fannie Mae (FNMA)

[Bruce A Thompson]

Paulson and Punishment

So. If the deal with AIG included warrants and was designed to be punishment, what is the deal with FnF supposed to be?

Is it also punishment? If so, for what?

For buying the deals the regulators forced down their throats? For sending advocates to the legislator's offices to educate their staffs on just exactly how important FnF are for the economy?

It would seem to me that the winning all those fraud suits against the banks and being magically made whole in the process shows that they were and still are punishing the wrong entities.

Where, exactly in HERA, does it provide for punishment of the stockholders?

CLUE: Why was no punishment applied to Citigroup? According to Paulson's testimony, it was so that the shorters were not rewarded in the fiasco.

What about all the naked shorting of FNMA that was being aided and abetted by Goldman Sachs? We are talking about hundreds of billions of dollars in profits and systemic fraud that will be exposed if FnF win.