Fannie Mae (FNMA)

[KELLYCO]

Well FMNA is not the securities that are held by those others.
It is the other non secured garbage that when they default Fannie has to put in another buyback request from BAC.
They don't even address anything that is being paid irregardless of the condition.They have much bigger fish to keep from frying.
How do they explain when the trusts have to pay 100% of the profit to the IRS for not securing mortgages properly?You see the defaults hide that fact because those can be written off as losses to offset the other.So what happens when the IRS decides to collect every penny that was made from the beginnning of it all?Are the already harmed investors going to get sued to get the money back?That is the real long term problem.The second and third financial collapses.