Fannie Mae-No Politics (FNMA)

[fdicr]

FDIC on behalf of 20 failed banks and Freddie Mac suing 16 big banks over 400 billions on libor manipulation between 2007 to 2023. The latest news is that taking depositions ended today. FDIC asked judge no more deposition is needed. It seems they have enough evidence and witnesses to get billions of dollars from 16 big banks . several bankers have gone to jail in UK. It is perceived that big banks will settle rather than going to court. It has been said between 100-200 billion will be the amount of settlement. How much of that will go to Freddie and I believe some money will go to FNMA because of libor manipulations Freddie and FNMA lost billions of dollars.