Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

All US Treasury had to do originally was make a loan to them (tbtf got 5%, for some reason they doubled that to 10% for the GSEs'), and even that usury rate would have been able to be repaid PLUS the unpaid principal balance.

But for reasons buried in the 11,000 documents, WE know what happened next, the Net Worth Swipe!

I know most investors who have been slapped around like a ping pong ball by Uncle Sug, want a quick resolution, personally I want to know for sure, as an American, whether or not, POTUS implemented the Net Worth Swipe, encouraged the conservator to utilize unrealistic, onerous accounting assumptions, ALL IN AN EFFORT TO PROVIDE NONAPPROPRIATED FUNDING FOR HIS PET PROJECTS!

I bet, David Thompson knows for sure, but can't talk about it because he's an attorney involved in litigating the matter.

In the meantime, at least MC is acting more like a "conservator", then all of his predecessors, AND at least on paper they are building capital through retained earnings.