Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

So your vision here is that new investors are going to pony up $100B+ in fresh capital, where the FHFA and Treasury took 7 years of Net Profits (in CASH) after artificially inflating noncash expenses, writing down a $50B tax deferred asset to zero, then reversing those subsequent to the NWS?

Nice timing by the federal government on the DOJ mortgage settlements that should have been used to rebuild capital instead of being transferred to the Treasury.

Shareholders can keep the garbage loans, the government keeps the cash settlements.

Btw, in return for NOTHING, despite HERA's primary responsibility to conserve and preserve the assets of the GSES?

So the federal government is primarily in the profit maximization business here?