Replies to post #292225 on Fannie Mae-No Politics (FNMA)

[IL Padrino]

WOW.
This needs to be stickied.
It's blatantly obvious the government is TRYING to get these companies to fail. The only question now is, "WHY?".

This is much more than a battle for shareholder rights. Our very liberty is at stake. Anyone involved in this should be sent directly to jail. Criminal activity is blatant. Where is the SEC, the FBI, the CIA and any other agency put in place to protect us from this tyranny??????

[Sogo]

Incredible reading blow-by-blow details from the real TimHoward!

I'm very glad he has so clearly told this story. No wonder the gvt defense lawyers didn't want him reviewing discovery docs for the plaintiff!

I've been long since march 2013. Bit still, it's easy for me to imagine the gvt getting away with this. They've gotten away with so many things it's not even funny. Gvt is basically mafia rule by force (as clearly evidenced by Hank Paulson's 2008 and Treasury's / Obama's 2012 actions in this GSE saga), only with a nice "public relations" coating over it so we don't notice their illegal actions.

[stockprofitter]

The main argument for legislative mortgage reform is that Fannie Mae and Freddie Mac are a “failed business model” that needs to be replaced with a more reliable mechanism. But many proponents of this alternative, in defending it, badly distort the history of the financial crisis. In this paper we briefly discuss three important issues that are widely misunderstood or mischaracterized in the reform debate:

The main argument holds no water. Fannie & Freddie never had a flawed business model. They actually had $41 Billion in cash ATT. The TBTF banks are the ones holding the bag here as they were the ones who forced the worthless loans secretly down the throats of Fannie and Freddie.

The gov planned and set up a 10% divvy agreement with FNF and sold all preferred shares to the public to recover some money from the bailout and then sent internal memo's that they were going to kill the companies.

Once the government realized they had erred and placed the companies to Recievership instead of Conservatorship that is when everything went haywire and left the government dangling amongst a plot full of corruption and fraud. The government then decided to take all of FNF profit and at the same time rightfully sue the banks after they figured out who the real culprits were. This had nothing to do with FNF rather simply only with government executing Conservatorship which is to protect and conserve assets rather Recievership. Obviously these internal emails/memos are likely some of the documents the government do not want revealed as they wholly indicate their intentions of taking profits from preferreds by selling them to the American Public and then killing the companies. It's kind of like pre-meditated murder but with an epic fail tag attached.

It comes surprisingly now that the story is making it's way around the financial community and this part of the story I refer to here in this post is only a smidgen of what they thought they could get away with. It was all planned similar to 911 heist and those people walked scott free. This time however, accountability of who done what comes in to play.

Remember Fannie and Freddie are innocent. They did what they were told. They only cooperated with the government as requested. But there are boundaries. Boundaries that can not be crossed when dealing with shareholder owned private corporations.

We are shedding the light on the whole dramatic story and pieces are being put together as we speak.

There will be no leaf left unturned as we go but do expect to hear of more lost emails and broken computers.

We have the answers for that also. This crime is of major severity and those involved will be punished to the full extent of the law as there is a special investigation team hired to inspect certain government and congress officials. You will be reading about those in the not to distant future and you will be shocked as will I when the world finds out the plan to kill their own.

You better believe it.

[JusticeWillWin]

PURE THEFT:

Fannie Mae’s situation was totally different. In the winter of 2000, it had agreed with Treasury, and pledged publicly, to maintain sufficient liquidity to enable it to survive at least three months without access to the debt markets. As a consequence of this pledge—to which it had adhered—unlike all of the other companies rescued by the Fed or the Treasury during the crisis, Fannie Mae never experienced a threat to its solvency because of difficulty rolling over its maturing debt, nor did it need to sell assets at depressed prices to survive. The company never experienced a market crisis. At the time it was put into conservatorship, Fannie Mae’s capital significantly exceeded its regulatory minimum. Fannie Mae’s “rescue” was a policy choice by Treasury, with its timing determined by Paulson.

[Hvp123]

This is the best inside info I have read n coming ex CFO of Fnma, it gives us an idea of kind of fight we are fighting in court, it will expose many in govt.....no doubt. FnF was treated differently than banks n even AIG. Indeed this is the best risk reward opportunity in the capital market, period.