Fannie Mae-No Politics (FNMA)

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Thanks for bringing that up. They changed decades of GAAP to ram conservatorship through. These are all facts that need to be brought up in trial to paint a more complete picture of what actually transpired. Again, Gov meddling with definitions to control the narrative. That's like changing the rules for a touchdown during the Superbowl to enable one team victory over another.

great post. Please don't forget the mark-to-market fire sale and the bank settlements both of which represented large value shifts out of F&F.