Replies to post #275594 on Fannie Mae-No Politics (FNMA)

[jarenawer]

J-Bear the tide is high and I'm holding on :)

This is the first step from Obama to recognize bailouts are finito. Our frannies the first ones, no doubt. His puppet Watt said publicly they are profitable too. No stopper.

[Digra Ive]

J-Bear for sure, that hole of $ 9.5 billions was sealed by GSEs which will continue to pay to authorities till they will say enough.

[ZOH]

The interesting thing is that if the Obama administration had not enacted the sweep of all profits the GSEs would have only paid off a small portion of what was lent them and FNMA would still be at .30.

Personally, I think this has been Obama's plan all along, to end the conservatorship.