Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

You're getting warmer. Under the US Treasury Commitment, the US Treasury has agreed to provide any additional funding needed UP TO like $200B, which is an arbitrary number that the US Treasury believes is enough to quell any Capital Market concerns over getting paid back their Principal and Interest from Capital invested in Fannie Mae and Freddie Mac MBS.

In return for this basically 'line of credit', the US Treasury and Ed Demarco decided to give away ALL THE PROFITS OF THE CORPORATIONS INTO PERPETUITY!

Nice guy that Uncle Suggy, ain't he the best!!!! !

Who was the POTUS again ?

During the trial, the Arnold & Porter lawyers representing the FHFA (who do you think is bankrolling that) really tried to sell the idea that the Commitment Fee would have been 'yuge' and that would further boost the Gubmints case that the Net Worth Swipe was necessary.