Replies to post #245342 on Fannie Mae-No Politics (FNMA)

[mike_usa]

955, thanks for the info.

A very large amount of capital was needed to collateralize the take down of the GSEs.Dwarfing the lost market value of the GSEs is the amount of profit gained from counterfeiting the GSEs, which could exceed 1/2 trillion dollars. This large amount of capital can be identified.The solution is to retrieve the stolen money, prosecute the illegal market participants to the fullest extent of the law and assure that this does not happen again through full enforcement of the securities laws of the United States of America.

http://www.sec.gov/comments/s7-08-09/s70809-407a.pdf