Fannie Mae-No Politics (FNMA)

[Guido2]

I have been an auditor and an accountant for over 30 years. If the government invested in FnF, it couldn't collect dividends during conservatorship. If it was a loan, it's been overpaid.

The government is using voodoo accounting to make zombies of two of the most profitable corporations in the world.

Both had more capital before conservatorship than they do now. In the meantime, during conservatorship they earned over $300 billion after taxes. If, as you say, they now have a negative $170 billion it is because they are using voodoo accounting.

Can't believe anybody with common sense would defend the Government's position. People making this claim are untrustworthy.