Fannie Mae (FNMA)

[Bruce A Thompson]

So. Bailout not needed. WHY did they do it?

Remember the order from Treasury for FnF to buy $40 billion per month of non-performing loans from the TBTF banks starting in October '08?

Treasury needed a conduit to rescue the banks.

It is that simple. They are gonna pay for what they did if Sweeney allows this to go beyond the jurisdiction question.