Fannie Mae-No Politics (FNMA)

[kthomp19]

AIG was unable to repay the Federal Reserve and Treasury their $68 billion bailout. Any HONEST person will acknowledge that Fannie Mae & Freddie Mac have overpaid the Treasury.

It's so precious that you think this actually matters.

Treasury insisted on the LP ratchet in 2019 and 2021, even though FnF had already paid back more than they took in total draws by that point (and were even past the 10% moment), because Treasury insisted that it still hadn't been made whole yet. They didn't write the seniors off at that point and still haven't; expecting them to do so in the future is incomprehensible on that basis.

3 and out.

Yup, another scoreless inning for you. One more thing to add to the list of your mistakes and fallacies.