Replies to post #356457 on Fannie Mae-No Politics (FNMA)

[rekcusdo]

The problem is that it is a circular argument. Claiming that the payment could not have been made without the NWS, but with the NWS, the companies are not profitable because they cant pay the dividends due to the NWS is well...lets just say it gives my head a logical headache.

The facts are simple:
1. The GSEs have, to date, never failed to make a payment. Wouldas, couldas and shouldas aside, all legal payments required to date have been made.

2. There is no evidence that the payments were used for ACA use.

3. There is no evidence that the GSEs would have been unable to pay without the NWS for one simple reason, they weren't given the chance to. You cant say what would have happened without some precedent of it happening.

[brandemarcus]

You are distorting the picture. Even in the 2 of the last 4 quarters income was 1.6 billion for Fmcc. (profit was more than losses in those 4 quarters). Aca dates back to at least 2012. I am not going to distort the record with profits in 2013 which were one-time. In the three years not counting 2013, profits were 25 billion. Yet you carry on about two loss quarters that amount to less than a billion! If you don't distort the record, you will have no argument for argument's sake!