Fannie Mae-No Politics (FNMA)

[ron_66271]

Synthetic CDS, Swaps.

I understand that the CDS was the Insurance Policy for the CDOs as required by the Bonds Prospectus.

I know that back in 2007-8, JPM was the writer of 57% of the Derivative Market. BofA was the second greatest writer of Contracts.

The CDO are collateralized and the Notes was insures.

Therefore F&F, WaMu, and to extent Lehman’s was not the problem back in 2008!



Ron