Replies to post #635663 on Fannie Mae-No Politics (FNMA)

[chessmaster315]

A "fair price" would be negative 300 billion.

The US Treasury has "already" been compensated for its voodoo accounting, forcing FNMA to accept toxic loans from TBTF banks then fine the banks pennie on the dollar for what they stole, then illegally stripping FNMA of its entire income forcing FNMA into an undercapitilized state.

Further, the US Treasury has enriched itself more by keeping the billions of dollars of fines by banks for lying to FNMA about the quality of the toxic loans dumped on FNMA.

If there is "fairness" then shareholders deserve hundreds of billions for this scam resulting in a 95 percent drop of the share price, and 100 percent of the dividends for the past 12 years.