Fannie Mae-No Politics (FNMA)

[HappyAlways]

Then CFO in Fannie told public that they were aware of the crisis in 2006 and started to stock up funds. Fannie was well positioned in 2008 to survive for 6-8 quarters without income.

I think the GSEs were put into C-ship to bailout the other TBTFs.

George Bush told the public in 2008 that there was no bailout, the action was to calm some nerves, the GSEs were private companies and would be returned to their shareholders.

It’s been 11 painful years for me, as an investment. If people call that greedy, I call them stupid.