Fannie Mae-No Politics (FNMA)

[Guido2]

ACG doesn't decide the court calendars. You still haven't provided a link where ACG says 3-4 years.

When Treasury converted it's Citi SPS to common, it increased Citi's CET1 (Common Equity Tier I) by corresponding amount. This was done in 2009 when it was obvious Citi couldn't repay the Treasury. Calabria, Mnuchin and Phillips have stated publicly that Fannie and Freddie have repaid the amounts loaned. If Treasury converts its SPS to commons (NOT HAPPENING), Fannie and Freddie CET1 instantly goes over $220 billion. So why spend one year and 440 pages to come up with a plan? Why all the new hires?

https://www.reuters.com/article/us-citigroup-sb-idustre51q28920090227

Fannie has overpaid by $68.8 billion and Freddie by $51.7 billion.

https://projects.propublica.org/bailout/list/index

Facts Do Matter! Facts are backed by proof, not opinions.