Fannie Mae-No Politics (FNMA)

[JDUser1963]

FNMA and FMCC Short Squeeze, the discovery process will reveal collusion. The banks tried to get away with it and now are paying the price by being forced to buy back the lame mtg’s. They made enough money during the whole snafu by cutting a deal with the Feds to all but eliminate interest rates. Now F&F has to pay the price by reformation for a blatant wrongdoing by the banks. Here the banks never had a percentile interest paid back to the Feds., instead it was interest free. Both are FDIC backed., no discrepancy in the Statute, Insurance is Insurance. We have a problem Houston!!! You just don’t make discrepancies in statutory compensation dispositions and repayments. The rational was not delineated well enough and it was a contract clause of adhesion for the Feds to take ALL! Some serious collusion going on there. In the discovery process when the Attorneys point out the Dems involved the crap will hit the fan. Especially if there is a nexus to reformation and how they stand to make gains outside of their office duties by Trust investments. This could get ugly. Or it can go away with a new release plan. Guess what happens? Nothing.
F&F keeps on trucking. Watch the way DC deals with it. Same crap different era.