Fannie Mae-No Politics (FNMA)

[robert peebles]

Pollacks methodology on accruing interest is baseless because he doesn't account for the nearly $70 Billion in non-cash gains which would have gone directly to principal repayment in 2012.
Recall the initial $130 non-cash losses the Treasury forced the GSE's to base their initial loan on at 10% was just that.....non-cash losses.
The reversal to non-cash gains in 2012 apply just the opposite, yet, Pollack doesn't apply the factual accounting methods to his hit piece, go figure.........NO CREDIBILITY and this guy was head of Banking Unit for over a decade !!