Fannie Mae-No Politics (FNMA)

[jeddiemack]

Interestingly...

Very wrong.

Consolidating is actually necessary at much lower levels of ownership if "control" exists. What is control? Usually it means the ability to manage the entity and direct its business.

Using the GAAP Standard the government should have consolidated these entities since the outset of the conservatorship on the basis of material effective interest (79.9%) as determined by the warrants that were taken by the government and the "control" granted by Hera taking the rights to the control of the company.

Oops... did i mention "Taking".... oh... TAKINGS?

Yep... exactly what it was... a taking...