Replies to post #413619 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

NO

that was not the publicly stated goal of the BO administration ever

the goal was to have a fully private system with no risk to the GOV

the Republican legislative branch crafted bills that supposedly tried to do that by first killing F and F

the BO administration did not object and indeed in principle supported some of these bills if they got us liquidity and a fully private market

(interesting for a socialist Muslim to align so closely with the capitalist Christian Congress)

[Donotunderstand]

be careful

read and dissect every word of Mnuchin

be careful

[Zaadx]

What is a government backstop? Is that the $200 Billion line of credit that Corker was talking about to Watt?

These politicians make $&%t so confusing! lol

Mnuchin never said anything positive about "shareholders" which is a red flag, but at least the ball is moving a bit.