Fannie Mae-No Politics (FNMA)

[KELLYCO]

195 billion is still only the tip of the iceburg.
Would you trade 195 billion dollars for clemancy on trillions of dollars of fraud?
And your numbers could not possibly account for the other problems of gouging of fees and destroying the values of the successful foreclosures.Not to mention outright theft of money collected.Fannie,Freddie and all the securities they were involved in are dependent on the big banks accounting and honesty.Both of which are what a reasonable person would derive from their past behavior.Do you think the big banks pass along any money to the trusts that went bust when only a portion of the mortgages failed?The skim is what the scum thrives on.
You buy all the Fannie and Freddie your little heart desires,but do not think it is a long term investment.They are P+D penny stocks instead of the P+D big board they once were.
Besides all that.Fannie and Freddie were the facilitators of socialist wealth redistribution.And the money was not redistributed to the poor.It never does.