Fannie Mae-No Politics (FNMA)

[Mathan22]

I think the FDIC is saying that they practice selling shares to liquidate shares when they hold equity in a company in receivership. They are using this defense for their securities fraud evasion on their sells of Fannie Pref shares.

This defense is inadequate as Fannie Mae is not in receivership. It is the same inexcusable defense for Judge Lamberth to rule on cherry picked HERA laws that only apply to receivership. It is the same use of media reporting that the companies are in receivership as just illustrated again this weekend in the article written by Randall Forsyth stating the entities are in federal receivership.

The USG is clearly trying to replace the conservatorship with receivership and it is not ok.