Fannie Mae-No Politics (FNMA)

[955]

No question Mark-to-Market Accounting was a key driver in pulling off the greatest heist in the history of the world.

http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf

I guess what I'm after is a separate issue. Regardless of whether putting them under FNMA/FMCC was done for the good of the country and whether such act falls under the category of eminent domain, the overestimate of the potential credit losses still falls under misleading information from shareholders' point of view. If there are no litigations focusing on this issue, I think someone ought to take a closer look into this issue IMO.