Replies to post #210759 on Fannie Mae-No Politics (FNMA)

[Bruce A Thompson]

The mark to market/CDS

Was brilliant.

Trillions of dollars in portfolios tucked away in retirement funds and providing retirement for millions of people was wiped out in just a short few months.

Now that Present Value accounting is back, watch more hundreds of billions being freed up as rates rise on FNMA loans. That is what the TBTF banks want to get their hands on.

It is OUR money and I want it NOW! (g)