Fannie Mae-No Politics (FNMA)

[Rodney5]

Ha, the liquidation has not been paid in full. That is right. When all the Net Worth is swept into the dark hole of the Treasury no money left over to pay down the LP.

Richard A. Epstein is the Laurence A. Tisch professor of Law at NYU, senior fellow at the Hoover Institution, and senior lecturer at the University of Chicago Law School. AND YOU STATE THE PROFESSOR IS WRONG. you are the one wrong.

Charles Potato said it best,

“You really have to admire these lawmakers, they come up with some great terminology. Net Worth Sweep, think about that for a minute. Sweeping all of your net worth.”

"It was the darnedest thing. I paid off my car and went to pick up the title at the bank. They told me the car belonged to them even though I made all the payments. They said my payments were swept into the dealers bank account and none of the money went to paying off the car. They said if I want to keep driving the car I need to keep making the payments. I asked them when I would have the car paid off and they said never, I have to just keep paying. They told me I must maintain the car and keep it in good working order, and they might come over to my house and set it on fire one day, but they are not sure when." End of Quote