Replies to post #256532 on Fannie Mae-No Politics (FNMA)

[Mikey Mike]

Pagliara said he’s working with U.S. Rep. Marsha Blackburn, R-Brentwood, on legislation that would put Fannie and Freddie’s profits in escrow until the situation resolves itself.

Now there's a guy who's using legislation to stop the sweep...if the Treasury wasn't suppose to perpetually take 100% stop the sweep now!!! It was only suppose to be temporary...during an emergency crisis...that's all...nothing more nothing less...

[HaloHat]

"Until the situation is resolved, banks, credit unions, insurance companies and even taxpayers are holding worthless paper, Pagliara said. "

AND they are STILL SELLING the stock to the public on one hand and saying those purchasing the stock will never see anything from the investment they are STILL SELLING.

Set up a business like that, selling stock you fully intend to never pay out on, while the business is wildly profitable, and sweep all profits into your own account. Then explain how you do not end up in prison for doing so...