Fannie Mae-No Politics (FNMA)

[Wise Man]

The paid shills on Ihub lying about a possible LIBOR settlement and Bond Insurance payment.
Only $3B in losses caused by LIBOR, according to the FHFA.
https://www.bloomberg.com/news/articles/2012-12-19/fannie-mae-freddie-mac-libor-loss-tops-3-billion-auditor-says

Other theme is that FnF should seek treble damages in a trial in 2025.

And the illegal Bond Insurance, for instance in Freddie Mac, only covered $13B of its illegal $198B PLMBS portfolio as of end of 2008.
Freddie Mac wrote off the amount insured by 3 monoline insurers at the time, because they weren't able to make payments of any claim.

Bond Insurance isn't included as authorized Credit Enhancement operation in the Charter Act, and the product PLMBS didn't have one of the enumerated ones.


The PLMBS should have been insured by the issuers, like the Commingled Securities since June 2022 in FnF.
Currently, $20B in CRT expenses, net, is due by the UST for authorizing it during the conservatorships.
Likely, the CRT expenses is money funneled to the UST under the Mnuchin's slogan "the taxpayer be appropriately compensated", barred in the Charter's Fee Limitation of the United States.


They are hitting the wall of the Charter Act over and over again.