Fannie Mae-No Politics (FNMA)

[stoxjock]

The Proceedings of meetings/conversation is very long and I am not an expert but clearly the FASAB, which is the pre-eminent body that is promulgating Accounting Standards for the US companies clearly felt the 'warrants' were only for the purpose of guarantee if the Govt lost on its 'investment' of 200 B and they won't have to be exercised If the Money 'invested'/'bailout' money was paid back. Clearly, the FnF twins have paid off all that 'Principal' and then a TON more. Unless the US Treasury wants to just "STEAL' Shareholder money, the FASAB guidelines are clearly against the exercise of the 'Warrants', at this point of time. There is no way any 'justification' can be found, per the 'FASAB standards'...I have an MBA -Finance from Baruch-Zicklin...