Fannie Mae-No Politics (FNMA)

[big-yank]

WAAAAY too much content to reply to in a single message. But a few brief thoughts to alternatively consider.

- 10% on $187 B = $18.7 B per year, either to be paid or added to liq. pref. History says this is unlikely.

- No one knew with any certainty any crisis outcome or timeline. Without QE that came later, the meltdown could/would have continued. And nobody predicted that The Fed would drop interest rates to near zero.

- There was huge chatter among economists on a double dip. Ireland, Greece and other global players were in a huge crisis. Sovereign debt became a crisis for all issuers. Guess which country has the most. LOL.

- The GSEs one huge income year in 2013 was reclassified DTAs, only.

The auditor suits are garbage and, like all trash, will just get thrown out soon.

JMHO.