Replies to post #352969 on Fannie Mae-No Politics (FNMA)

[rekcusdo]

The government summarily denied any settlement talks back then. It was all rumors.

[tuzedaze]

Don't forget before the settlement talks.....Berko tried to buy fnma and fmcc insurance business back in 2013 and recapitalize to take this problem off the governments hands and be that private capital.... Bruce was stepping up and our idiots in Washington balked.. Wonder if that offer still stands?????


http://www.businessinsider.com/berkowitz-wants-to-buy-fannie-freddie-2013-11

[big-yank]

Yes, I recall Berkowitz discussing a settlement in one of his updates to investors. What I am talking about was the blogosphere/Twitterverse content that a settlement was about to be released in the short term that spiked the S/P up to the $3 area and drove many Fannie fans into a frenzy of celebration. Then the whole thing collapsed.

It is my further recollection that the timhoward717 site, not Glen Bradford, was the culprit, that time around.

I guess we will know by around today's market close if yesterday's rumors became today's actual news. Or not.

JMHO.