Replies to post #614714 on Fannie Mae-No Politics (FNMA)

[Patswil]

Fannie Mae Hires Financial Advisor
Selection Marks Important Milestone
PR Newswire

WASHINGTON, June 15, 2020
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200615:nPn8vx0n4a

WASHINGTON, June 15, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced that it has hired Morgan Stanley & Co. LLC as underwriting financial advisor to assist in developing and implementing a plan for recapitalizing the company and responsibly ending its conservatorship.

While developing the plan, Morgan Stanley will work closely with Fannie Mae, the Federal Housing Finance Agency (FHFA), and the U.S. Treasury to consider business and capital structures, market impacts and timing, and available capital raising alternatives, among other items.

"Today's announcement marks another important step toward a responsible exit from conservatorship, and we look forward to working with FHFA, Treasury, and Morgan Stanley to chart a strong course forward for Fannie Mae," said Hugh R. Frater, Chief Executive Officer, Fannie Mae. "As we continue to stand behind our partners and support homeowners and renters through today's challenges, we remain focused on ensuring our company is best prepared to serve the market's future needs."

Selecting an underwriting financial advisor is an important milestone in meeting Fannie Mae's 2020 FHFA scorecard objective to prepare a responsible transition plan for a potential exit from conservatorship. Fannie Mae selected Morgan Stanley for its demonstrable qualifications and expertise in managing such complex matters. The support of private capital will contribute to increasing the resiliency of the housing finance system.

About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit: fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom
https://www.fanniemae.com/news

[chessmaster315]

Ok. Let me get this straight. Fannie pays back all of the 120 billion borrowed from the government, Chase does NOT pay the money back they borrowed.

So, we hire Chase bank to "advise us" how to manage our finances?

In other words, we picked a company who cant pay their bills to manage a company who pays all our bills?

Source: Chase did not pay all the government bailout back:
https://projects.propublica.org/bailout/list (scroll down to see Chase Subsidiaries)

Chases financial advice: Give money to the most corrupt political party to get the next round of bailouts (The democrats) and pay corrupt officials to exit form conscrewtorship and the Net worth Steal.