Replies to post #298829 on Fannie Mae-No Politics (FNMA)

[Mikey Mike]

It basicly shows that the Treasury wanted to change the business model/GSE's future. The Treasury has no business doing any such thing. They're a finance dept...i.e. government collection agency...How the GSE's should operate should be regulated via laws in place by Congress and regulated by FHFA...no where does it say in HERA 2008 that Treasury should make any changes to the business model/corporate bylaws or how the GSE's should operate...the document clearly shows that they were contemplating to make those changes...e.g. a collector changing the business model or how a company should operate if the private company filed chapter 13...the collector can collect on a debt, but the powers of how a company should operate would be under the discretion of the company's executives...

[Zargis]

Zephadiah explained an answer fairly well in response to your question.

I would add more but I simply don't have time right now to do so.

But a comment however...

It shows the FHFA is the Treasury's puppet.

The document also was not viewed by Judge Lamberth prior to his ruling in November, when it was supposed to be seen by him. Thus, his decision will surely be appealed as well.

Then, you have the Treasury indicating it's interests and effectively confirming many of shareholder suspicions / concerns.

This is truly signaling the end is nigh. Can't wait for the AIG verdict.

Be well,

-zargis