Fannie Mae-No Politics (FNMA)

[bcde]

"Bank analyst Dick Bove of Odeon Capital describes Fannie’s and Freddie’s latest reporting as “an accounting irregularity bordering on fraud.”"

Bove appears to be an opportunistic analysts trying to benefit from the confusion created by ethically challenged revolving door wall street bureaucrats, lawmakers, lobbyists and robbership.

Courts should have declared that the securities contracts that are created to cheat common investors should be unlawful. Clearly SPSPA and amendments were created to cheat common investors. The best option is to cancel original SPSPA/amendments retroactively and create new agreement that is lawful and compliant with all laws. This will end all the lawsuits and FnF can be safely released from robbership.