Replies to post #295630 on Fannie Mae-No Politics (FNMA)

[navycmdr]

nope ... jus cleaning up da books ... a GOOD thing :-)

[Mikey Mike]

It's to wind-down to the quota of $250 million in total assets per company. However, legality is another matter when a government takes a perfectly good private company, nationalize it and then reduce it's assets (keep in mind) while it's in CONSERVATORSHIP not receivership.

[Travel5]

Smart companies get rid of bad debt ;-)!