Fannie Mae (FNMA)

[Robert from yahoo bd]

Thank you for your service sir! I think that Nats comment was prescient, that it's hard to get a win in a company town against the company.

TH was advocating the other day about trying to explain to the next Jury how the FHFA as regulator required the GSES to overbook credit loss reserves to inflate the losses prior to the implementation of the NWS.

HH and one of the esteemed Plaintiff expert witnesses spent about a day and a half explaining how the $100B + DTA worked to transfer $100B plus from the GSES balance sheets to the UST.

But I don't recall much explanation to the Jury on explaining the exaggerated booking (and subsequent reversal) of the billions of dollars in Credit Loss Reserves.