Fannie Mae-No Politics (FNMA)

[jeddiemack]

Problem is the accounting rules... say... put in on the books... as the government has "control" and significant ownership interest by virtue of the unexcerised fruit of a poison tree warrants that will inflict scores of lawsuits if ever used.

Control is the kicker they ignored. Some yahoo loser came up with that 79.9% thing when in reality anything over 30% and control meant they should be on the consolidated books..

But hey, why does it matter... apparently not as one fraud begets another fraud and government can do whatever they want as the us supreme court has ruled. Which of course is a big joke as they are in the pockets of the government too. Only the jury of 8 saw thru it quickly and not being on the take reasoned... oops... no no no no ....

too bad the government doesn't have honest people in their midst.