Fannie Mae-No Politics (FNMA)

[Rodney5]

The Treasury did not purchase OBLIGATIONS! BOTH COMPANIES WERE ADEQUATELY CAPITALIZED! 'Deferred Tax Assets' the Treasury forced the companies to write down and record these non-cash expenses made the companies appear bankrupted. Fannie Mae and Freddie Mac were no where near bankrupted. THE TREASURY HAS STOLEN THE COMPANIES! WHAT DID THE $200 BILLION LINE OF CREDIT BUY MR. PRO_SE ?? NOTHING!

And NO the Charter Act only allowed the increase of purchase obligations for a limited amount of time. Expired December 31, 2009. Page 18

The HERA legislation granted temporary authority to the Treasury to purchase obligations of the Enterprise, above the limits written in the Charter, (Charter limitation of 2.25 billion).

There was no 'Emergency.'

FHFA freely admitted the companies were adequately capitalized, evidence the companies exceeded capital requirements absolutely no need for emergency funding.

SECOND QUARTER CAPITAL RESULTS

Minimum Capital
Fannie Mae’s FHFA-directed capital requirement on June 30, 2008 was $37.5 billion and its statutory minimum capital requirement was $32.6 billion. Fannie Mae’s core capital of $47.0 billion exceeded the FHFA-directed capital requirement by $9.4 billion.

Freddie Mac’s FHFA-directed capital requirement on June 30, 2008 was $34.5 billion and its statutory minimum capital requirement was $28.7 billion. Freddie Mac’s core capital of $37.1 billion exceeded the FHFA-directed minimum capital requirement by $2.7 billion.

Link:https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Announces-Suspension-of-Capital-Classifications-During-Conservatorship-and-Discloses-Minimum-and-RiskBased-Cap.aspx

https://www.fanniemae.com/sites/g/files/koqyhd191/files/migrated-files/resources/file/aboutus/pdf/fm-amended-charter.pdf

Wise Man Quote: “Playing the fool daily with "MBS (OBLIGATIONS)", when the SPS are obligations too, or asking "where is allowed a $200B UST backup?" when the Charter Act allows an unlimited amount (UST is using the trick of SPS increased, instead of issued/purchased. A Securities Law violation), etc, isn't a viable defense strategy.” End of Quote