Replies to post #606497 on Fannie Mae-No Politics (FNMA)

[jog49]

"They made a deal that Mudd and Syron and the BOD couldn't refuse."

Yes, they were forced to agree but ended up being "taken out" anyway; replaces by the mob's hand-selected BODs. Ain't crime da bomb?

[Wise Man]

That's the movie that isn't believable. The true movie is about a person appointed conservator to fix their operations and recapitalize them. They added up the plot of being carried out secretly to put some action and drama, with investors scared of a NWS dividend, IPO, warrant exercised, etc. Otherwise it would have been a story of a boring civil servant doing his job.