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Replies to post #415665 on Fannie Mae-No Politics (FNMA)
whipstick
06/07/17 12:06 AM
#415702 RE: NobodyFromNowhere #415665
Finally, to put and keep the companies in conservatorship Treasury has had to single out their shareholders for unprecedentedly punitive treatment—forcing the companies into conservatorship, having FHFA add massive temporary or artificial accounting expenses to make them take unneeded and non-repayable senior preferred stock, and then, when the effects of the accounting expenses reversed, taking all of their net income in perpetuity.