Fannie Mae-No Politics (FNMA)

[capitalismforever]

This reserve was the reason fannie was put into cship in the first place. It was reported that FNMA had 30 billion in cash prior to the cship in 2 quarter 2008.

No it wasn't. They were put into conservatorship because PriceWaterhouse Cooper and Deloitte & Touche cooked the books of the GSE's using non-cash write-downs against amortized events in order to show that the GSE's had more debts than assets; which is one of the three requirements for putting a company into conservatorship.

It had nothing to do with their capital requirement.