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Post# of 795278
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Bodach

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Bodach

Re: dragon52 post# 20797

Sunday, 04/07/2013 11:20:12 AM

Sunday, April 07, 2013 11:20:12 AM

Post# of 795278
Excellent! Well stated:

so in essence, if the FHFA wins their suit against the banks and the banks are ordered to pay up the $200 Bil, that would restore FNMA/FMCC to safe and solvent conditions since the bad loans incurred were from those banks that had pawned them off to FNMA/FMCC. Now the monies go to FHFA, but that would erase the bad debts off of the books for the two....

It sounds pretty simple to me... and that would make this a strong buy... jmho
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