Fannie Mae-No Politics (FNMA)

[kthomp19]

My facts came from Tim Howard who said FnF didn’t play with subprime because of the risk.

Except that Tim Howard himself said that he wouldn't be able to prove that FnF never needed the bailout. He used the same facts as you and drew a different conclusion.

Bush’s Operation Noriega forced out Fannie’s management and used Voodoo accounting, that was later proved fraudulent, to force them out and change FnF risk management standards.

I agree that Lockhart's accounting decisions were questionable at best and indefensible at worst. But when was fraud proven? Of the two auditor cases one was dismissed and the other settled under confidential terms.

That’s why I can say FnF never needed a bailout. If Bush didn’t target FnF they would have had no problem in 2008. ref: Mortgage Wars.

My point is that this is an opinion, not a fact. And if you want a court to look into it and undo any actions from 2008 you will need to file your own lawsuit. Washington Federal only wants money and only for pre-conservatorship shareholders.