Fannie Mae Preferred S (FNMAS)

[rosen62]

Mario Ugoletti declaration on 12/17

As part of the recent filings (there were two), this one pertains to DeMarco's compilation of documents (18 exhibits).

Advisor to FHFA, served as primary liason with the Treasury regarding the PSPAs.








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What this proves is that they were all aware of the DTAs, just did not know whether or if or when. No problemo, Señor! They should have included a provision setting a cap on the transfer to the Treasury whether/if/when.

Not doing so does not reflect incompetence or mishandling of the issue but complete irresponsibility borderline to sneakiness in the management of 10's of billions of dollar. They *knew* about them.

How funny. These poor fellows were caught by surprise by the "sudden and substantial increase in Fannie Mae's net worth".

Something doesn't add up... Were FHFA conservator not in direct communication with Fannie's CEO and was never a reference to a coming DTA activation? Or was it, therefore the full sweep.