Fannie Mae-No Politics (FNMA)

[kthomp19]

Fraud is fraud is fraud.

No FnF lawsuit has directly alleged fraud to my knowledge. If one has, cite the source. If not, see my signature line.

Corporations that pay more than Berkshire Hathaway in federal income taxes don't have accumulated deficits.

False. FnF do have huge accumulated deficits.

The accumulated deficit happened before FnF started paying these huge taxes, which is why your implication (that the accumulated deficits shouldn't be there) is wrong.

Treasury has already been paid $110 billion over the "bailout " amount.

So what? That could give some cover for Treasury to declare victory and write the seniors down, but that would be a severe reversal of course compared to what they have been doing all along. Why would anyone expect this to happen?

If the bailout was an investment, the corporations are already capitalized.

Wrong. For all the talk about wanting facts, it's time to face them.

FACT: Fannie's core capital requirement right now is $113B.
FACT: Fannie's current core capital level is NEGATIVE $69B.

Source: Fannie Mae 2021 Q1 10-Q form, page 54.

Fannie Mae is $182B below the lowest, no-buffer, capital requirement right now. You call that "already capitalized"?!

If the bailout was a loan, Treasury has been overpaid and should return the overpayment.

1) The bailout wasn't a loan, it's equity.
2) What you think Treasury "should" do is meaningless.