Replies to post #538115 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

1. Bank News matters to me and Bank News states the guarantee on MBS with no mention of any backstop. Agains, take it up with them if you disagree.

2. The article does not state why the warrants were injected. It also does not say they were not to protect taxpayers against losses, although I feel it is inferred. I am awaiting YOUR confirmation of a link that you claimed said the warrants were tomake more money for taxpayers (despite the FACT that it has all been re;paid).

3. The article clearly confirms that no pay in was funded by taxpayers for the purchase of SPS. If you disagree, please link your rebuttal to a credible source.

4. Your fourth quote: "If the Treasury makes payments..." you attribute to me. However, I never made any such statement.

Once again, I return to my earlier point that most all of this refers to the "Secret Squirrel Plan" and is unlikely to orevail against Mark Calabria's "Hello Kitty Plan" about to be revealed. LOL.

Cheers!

[YanksGhost]

Any comments today on the further delays in Sweeney's court?

I honestly think this could help drive a settlement without some overblown conversion deal for JPS holders... just something fair and legal that would end the legal circus and allow R&R to advance to everyone's benefit.