Fannie Mae-No Politics (FNMA)

[kthomp19]

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!

Not really. The backstop was signed in 2008, with amendments to increase its capacity signed in 2009. The NWS wasn't signed until 2012.

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.

They did try this, but it was evidently ultimately unsuccessful in light of the jury's verdict.