Fannie Mae-No Politics (FNMA)

[Rodney5]

DaJester, I appreciate you, one thing to add and I think you will agree, the enterprises did not need a taxpayer bailout.

NOT: "The mission continues to be preventing the enterprises from needing another taxpayer bailout, ensuring mortgage credit availability for affordable housing and keeping the secondary mortgage market strong."

The mission was to wipeout the shareholders.

Even the common stock short seller our friend KT admitted it was stealing.

Kthomp Quote: "Yes, the companies were adequately capitalized when they were put into conservatorship. Shortly thereafter, when Lockhart stuffed FnF full of non-cash accounting losses, they went balance sheet insolvent. None of that has made a bit of difference in court so far." End of Quote

Note: "so far"

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173554089

James Lockhart, admitting to Mr. Congressman Alan Grayson It was the Deferred Tax Assets. Around the 4:00 minute mark. Lockhart said it was a problem that’s laughable, TAX ASSETS are not a problem, YES! Problem for the Treasury/FHFA had to force the companies to write down all the DTA’s to make the companies appear bankrupted!
Link: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169956352