Fannie Mae-No Politics (FNMA)

[YanksGhost]

"What happens to fraud victims?"

They do exactly what 20 plaintiff groups have done. They sue the party that they believe committed the crime.

The government sued TBTF banks and the defendants agreed to settle with the government. Such government actions are taken to protect U.S. citizens from illegal conduct and to discourage bad behavior in the future. Any monetary recovery, thus, belongs to the people. It is a punishment, not a restitution.Thus, none of the bank settlement money will go to shareholders or other stakeholders (e.g., homeowners that lost all their equity in foreclosure) unless the Treasury decides to do so.