Fannie Mae-No Politics (FNMA)

[M I A]

Read in the unsealed report, the part we were allowed to read, was how much better of a deal banks got for gov funding. And even AIG.

Banks had 5% for first five years then 9% after.

Institutions were allowed to buy back warrants.

AIG had their interest cut from 10 to 5% to help them.
Swapped cumulative prefs. to non-cumulative.

All to help these institutions pay back the money. And the gov exited the picture.

Nothing like FnF. Not even close.

I'm pretty sure on those details, but feel free to correct a mistake if I read the report wrong.

Thanks.
Happy Easter to you as well. And to others as well.
Or Passover to anyone who celebrates.