Fannie Mae-No Politics (FNMA)

[big-yank]

Fannie Mae was on the brink of bankruptcy.

1. The "offering circular" is just another lame reference to guaranteeing the stock and dividends of FNMA. Tiresome to keep reprising the same crap, over and over again, when it has nothing to do with MBS backstops by the government.

2. What happened in 2008 could happen again. It's been proven. Fannie almost succumbed to the real estate collapse. Face facts.

3. Want to shut down all banks? Yeah, that will work. LOL!

4. Fannie Mae cost U.S. taxpayers $187 BILLION with few expecting their ever being able to pay it back, ever. They never madea dime for the government after 50+ years of backstops and borrowing window concessions to provide the GSEs with low interest for liquidity and draws.

If Fannie Mae wants to consider everything fully repaid, then it would be equally fair for the government to walk away and leave them in RUINS!

Be careful what you ask for.