Fannie Mae-No Politics (FNMA)

[big-yank]

That glass is a lot more than half full of something.

1. Treasury was informed that there was substantial value. But UST never implemented this plan, so seizing value obviously was not their goal.

2. DTA reversal and loan loss reserves were well known facts. No, they were well known possibilities, not guarantees. Much of the economic data suggested slippage into a double dip recession. Please refer to some of the extensive work by Professor Anthony Sanders on this subject. Peter Wallison has additional published content of relevance.

JMHO.