Replies to post #441118 on Fannie Mae (FNMA)

[jog49]

To date, Bove is probably the most intelligent, most informed person to speak on the topic but considering the intelligence of the general public.....................

[955]

Back in 2012, the Treasury received a report saying these companies were going to be profitable forever. The Treasury turned around and went to the public saying we have to bail these companies out because they're losing money. They lied, they blatantly lied to the public.

- Dick Bove, Rafferty Capital Markets banking analyst, 7:00 mark

Wow!

- Maria Bartiromo, Fox Business News

[pka1639]

Loved his comment on the Treasury's Death Spiral narrative, "They lied, they blatantly lied to the public." (6;45)