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Post# of 795287
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rekcusdo

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rekcusdo

Re: FreeFNMA post# 407295

Monday, 05/01/2017 2:33:19 PM

Monday, May 01, 2017 2:33:19 PM

Post# of 795287
I am not so sure about that...

His statement seems pretty straight forward...

"FnF doesn't own $5T of MBS. The banks do. FnF only insures them."

He is claiming that the banks own the MBS after FnF "insured" them. This is a completely false statement.
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