Fannie Mae-No Politics (FNMA)

[Donotunderstand]

agree
indeed small to mid size savings and loans and banks got clobbered !!!

a bank or savings and loan is NOT allowed to hold any one security name for >5% of its capital reserve

except !

yup !

FNMA JPS

banks across the country were beat up --- and Paulson was actually asked about this on the day of the take over and he said he understood and the issue would be handled on a case by case basis. And yes after that - on a case by case basis a bunch of banks and S and Ls were force merged by the FDIC They really got hit with a sucker punch and Paulson and (Sheila) Bair must have done the bidding of the too big to fail banks who in 2008 FELL IN LOVE WITH LARGE GOVERNMENT SOCIALISM