Fannie Mae-No Politics (FNMA)

[Patswil]

It Really does AMAZE us. How could they have put perfectly healthy solvent companies into such a position and force $187 Billionn in toxic debt from TBTF and then ,to make their accounting gimmicks go away, they make them appear to be failing and will be dissolved, only to cover their tracks. Then, lo and brhold----they use the DTA's to make the remainder of $187 Bill go away adn BOOM, they're healthy again...Ooops--we messed up----we're going to take ALL of you money from now on.

I swear Hank Paulson should be doing hard labor for the rest of his life..

Then to top it off, as if they hadn't done enough, Deloitte and Price Waterhouse are caught RED handed in an accounting scandal....for which their is NO precedent.......FOR ANY OF THIS STUFF----IT'S INCREDIBLE THAT THEY THOUGHT THEY COULD GET AWAY WITHOUT BEING CAUGHT. We pray that the juducial arm of things will set this right.

This whole charade has been the worst financial crisis/activities in our lifetime....and the WHOLE THING was hidden financial engineering--ALL COMPLETE FRAUD