Replies to post #667283 on Fannie Mae-No Politics (FNMA)

[Guido2]

LOL.

I base my comments on facts. Facts:

USA is still a democracy and rule of law still applies.

Fannie and Freddie had $95 billion in capital when they were put in conservatorship.

According to President Bush and Hank Paulson they were put in conservatorship to provide liquidity to the financial markets during the economic downturn.

A conservator's job is to preserve and conserve the assets of his wards. Not to give away the assets to a related government agency.

Giving away 79.9% of the corporations to a related agency @ $1 for 100,000 shares is ultra vires the powers of a CONSERVATOR when Fannie closed at $7.04 and Freddie at $5.10 the previous day.

Be glad to discuss any or all of the above.