Fannie Mae-No Politics (FNMA)

[Rodney5]

I apologize Robert if I sounded rude. Appreciate everyone on this board that contribute to the publishing of the truth.

I agree Chess it’s an opinion. The article’s opinion is wrong, and I suggest if we post articles that print half truths we should point out the facts.

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.