Replies to post #524541 on Fannie Mae-No Politics (FNMA)

[Doc.007]

You Made The Right Question by " where did this 187.6 go ? " ( Mainly To No Where !! )

This by the Treasury was just A by Two Different Kinds of Collateral Warrants Backuped Limited Credit-Line of $ 187.5 Bn forced on to FM where they never needed it in the first place and the Treasury never allowed FM to receive it because it was only For at FM Occurring Liabilities to secure. Resulting FM from its Net-Profits received quarterly Only $ 3 Bn same as the smaller Freddie Mac, for its Operating Costs, but that naturally was not always enough and therefore did need to Draw Some Additional $ Amounts from its Treasury forced Own Credit-Line.
That's All and specifically for the Treasury Buying Any Kind of Shares from FM, by FM or Treasury Not Existing Any Specified Receipts For ! The Gov did also never pay for any Collateral Warrants Only Rights For Shares, where Warrants As Know Are Not Real Shares Issued as Outstanding and therefore usually Nobody is paying for.

This also explains Why The $ 187.5 Bn As Capital or Ever Received It, Is Not Possible To See At Any Annual SEC 10-K Declaration to fulfill The Investors Protection Act ! ! !

Now Anybody Can Possibly See How Faked & Foolish the hole Treasury Situation is and can well understand Why still 9,000 Documents are still as Hidden and the Gov Refused to hand to the Courts as requested !

Happy FNMA Weekend

[bcde]

"As the "negative" at F and F (to the extent it existed) was all a paper loss due to write down of bond holdings --- where did this 187.5B go ? "

Donotunderstand,

First you need to understand why crookhank imposed conservatorship on FnF. The devious purpose was to destroy FnF but the official reason was to provide unlimited liquidity to frozen markets.

In late 2008, Bush UST/FHFA forces massive write down of assets and then forces SPSPA. Conservatorship uses this limited cash to provide limited liquidity to frozen markets. At the same time Fed starts buying FnF MBS in trillions providing most of the liquidity. If this were to be done without imposing conservatorship then FnF would have been massively profitable and the FnF pps would have skyrocketed. This would have highlighted success of FnF business model and failure of banking model. But the purpose of conservatorship was to paint opposite picture.

After 3 years in 2012, FnF plan to reverse the massive loss reserves. Sensing the impending release from conservatorship, OB UST/FHFA impose NWS to prevent highlighting massive success of FnF business model and failure of banking model.

In short whatever $150B money Gov invested in FnF to provide liquidity was a small change compared to massive FnF MBS purchases by Fed to provide unlimited liquidity to markets.