Fannie Mae-No Politics (FNMA)

[jeddiemack]

Rodney,

The real problem was the believability of the government fhfa and treasury wasn't questioned for the first 12-18 months. The narrative was... zombie this.. zombie that.. heck they even had jimbo cramer repeating the lies they made up. They created a whole bunch of noise noise noise... and shuffled a bunch of paper and other entities were in fact failing... so it was ... believed that fannie and freddie were problems too..

that is ...

until they started actually issuing financial statements and presenting information that sounded horrible... o the billions and billions and billions of loses piling up...

But, all of it was whole bunch of smoke and mirrors... underneath all of this were no actual loses.. the reserves were contrived and made up. it was as if poof gone.

they sold it well ...

the narrative, the proteciton of 11,000 super secret documents. oh the story the told all

Bull Shxt

Nothing but lies from the very start.