Fannie Mae-No Politics (FNMA)

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Escrow The Sweep…..


Given:

The implications of the Fairholme documents (foremost of which is the fact that the Government has lied about everything regarding the Conservatorship and Sweep);

the impending capital depletion of Freddie and Fannie;

the fact that the Conservatorship has dragged on for over nine years;

the fact that, despite having YEARS to craft legislation, Congress has been incapable of accomplishing anything substantial regarding any of the critical issues facing our country (health care reform, tax reform, ect.);

the glacial speed with which the numerous GSE lawsuits have been advancing through the system;

the essential and critical role of the GSE’s in the American economy in general and housing finance in particular;

the fact that, once capital becomes fully depleted, another Government bailout of the GSE’s becomes a possibility;

GIVEN THESE FACTS, should not the Plaintiffs in all of the GSE lawsuits be moving the Courts to ESCROW THE SWEEP?

This is not our ultimate goal, but under the circumstances this seems like a reasonable maneuver to stop the Government from benefitting from GSE profits, at least in the short term.