Fannie Mae-No Politics (FNMA)

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The HK Investor Wednesday, 05/25/16 06:25:55 AM
Re: rekcusdoo post# 339943
Post # of 340113

I guess the general public, including many politicians and probably the POTUS are misled by their fellow members. So, we need some media coverage to correct the mis-understandings:

1. FnF did not cause the housing crisis. (It was the bad mortgage loan from TBTF banks with default rate as high as 30%.)
2. FnF did not require the bailout. (Book-loss using worst-case scenario that no financial institution could meet. $50B DTA was not taken into account, ...etc.)
3. NWS is clearly illegal taking of private property and unconstitutional.
4. FnF model is proven and extremely cost efficient, which ensure liquidity and low mortgage interest rate.
5. C-ship is supposed to re-build FnF to solvency. (People who invested in FnF before and after the crisis should be protected.)

The media coverage must be easy to understand and less than 2 minutes. I found many materials presented so far are far to complex for people to understand, especially when they are not really interested in the topic.




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