Fannie Mae-No Politics (FNMA)

[kthomp19]

Yeah - we have overpaid the Treasury - its clear and unambiguous. By a lot. And the facts - and the law - are on our side. But the courts are not. We all got that.

As I have said before, when you look at what has happened over the last 17 years with the GSEs - a reasonable person would conclude that the law, the facts, fundamental fairness and even reason itself seem to be irrelevant.

We are now faced with a situation where the Government has expressed its intention to create a SWF. They are looking for money to fund it as well as cut the deficit. These actions are currently on steroids. The Government has a history of how it treats these bailouts. So we now need to be prepared to counter what may be coming. That's all am saying.

Very well said. Dovetails nicely with your other post.

History doesn't repeat, but it rhymes.