Replies to post #421388 on Fannie Mae-No Politics (FNMA)

[jcromeenes]

2 points here...

1. I have no idea how to make the post sticky. I assume a moderator must do that.

2. Sadly, I'll bet not one single person is punished or does time for this largest theft in the history of the USA. SAD. SAD. SAD.

[lushka]

After seeing the news clip, it remains hard to support Corker and Warner in their only arguments of winding down the GSE's based on them being "a taxpayer risk" and/or a failed business model. Where as the opposite is actually true where not reversing the NWS increases taxpayer risk and the model was not only NOT a failure but saved the day (banks) in 2008/9. At this point Corker and Warner don't have much to stand on. And in fact Corker likely already knew this information when he recommended shorting the stock in the past. And clearly Greenspan did when he recommended shorting the stocks to his friends at Eaton Park in 2008. The corruption and deception is so thick here it is almost unbelievable.