Fannie Mae (FNMA)

[10bambam]

Can not comment on the current litigation for obvious reasons. We will ALLOW FnF to retain some of their earnings because we are so sweet. Share and share alike right GSEs? We will collect an exorbitant committment fee since the jig is about up with our 10% interest loan on two companies that we bought almost 80% of for about 1000 bucks. Since we control FHFA and they control FnF and we own controlling interest in the twins it is like we are paying ourselves 10% of a loan that will never be paid back to us from us. That is fine since we have taken all of the profits since 2012 because FHFA said we could.
Somebody whined and now we have to do a quick bait and switch. Now we will call it a committment fee. It is good to be this king halaluyah!
No comment