Replies to post #452430 on Fannie Mae-No Politics (FNMA)

[Clark6290]

Don't forget the government also received:
Billions in taxes from the GSEs and billions in court victory fines that should be on GSE books.

The government is doing quite well using the GSEs as a cash cow.

[SGINPHX]

Thompson did in his rebuttal at the end...stated that had the swept not been in effect that the companies would have had 124B

[contrarian bull]

It is the arsonist calling the fire department, and he is a fireman, getting bonus pay to put out the fire he started, and collecting the insurance from the fire damage.

And it was stated by Treasury attorney that the "backstop" are funds available for draw in the event needed by GSE's. How can no one say the simple fact that if the Treasury hadn't "swept" nearly $300 billion in profits since 2012 we wouldn't be having this conversation. Hard to believe that such learned people and Judges can be so blind to this scenario: The Arsonist calling the Fire Department.