Replies to post #269135 on Fannie Mae (FNMA)

[mrfence]

Actually, they made FnF borrow money they did not need then made them borrow more money to pay interest on the money they did not need! After that when they started showing profits they decided to take ALL the profits well in excess of payments previously agreed to, and deemed it ALL interest so there has been zero reduction of liability to date! In fact, they've collected more money from the GSE's than the total that was supplied by the "bailout".