Fannie Mae-No Politics (FNMA)

[bobstruths]

With all the "down" news of FnF, I thought we needed some good news...so lets talk 10% interest news. Using another poster's claim that Treasury using the NWS has taken $300billion from FnF that it will have to return to FnF if the NWS is unwound. To look closer, that $300billion earned 10% interest or $30billion in interest which when posted at the end of this year will bring the governments tab up to $330billion. That $30billion of interest is a lot of money and it really impacts the Gov's tab.! If the government doesn't get square with FnF in 2023, at the end of 2023 the gov's new tab is increased by $33billion to a grand total of $363billion. If this goes on to the end of 2024... the gov's new tab is increased by $36billion to a grand total of $399billion !!! then on to the end of 2025 with 10% interest, the new tab jumps to $439billion! If they let it drag on to the end of 2028....at the end of that year, the governments new tab would be a whopping $585billion to get square with FnF!

Looks like the Government has some real expensive reasons to settle with shareholders at the earliest possible date or suffer as victums of a world of their own creation. The interest alone for 2028 would be $53billion! [ Can the Gov afford to mishandle that much of the peoples money!!!