Replies to post #509975 on Fannie Mae-No Politics (FNMA)

[chxal]

PLUS, the companies NEVER reported the news of settlements, I can remember quarters where they never even reported the net worth swipe payment being sent over...."material news" MUST be reported or the companies are in violation of SEC rules for stock-listed companies....

Now where did you see that "other income" designation? Any body else remember seeing that? And is anybody up-to-speed on what the grand total settlement number was? I was just guesstimating $20 BILL........

[Guido2]

RuudG is right.

But the Net Worth Swindle was put in place because FHFA and Treasury were aware of all settlement money that would be coming in.

[HoldenWalker99]

Nope. Search for "settlement" in any annual report or 10-Q and you'll see that it was reported as "Other Income."

http://www.fanniemae.com/portal/about-fm/investor-relations/quarterly-annual-results.html