Replies to post #687565 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Exactly my memory

calm markets

F and F MBS paper held HUGELY by foreign countries

If the pushed on the IMPLICIT guarantee - we could have had an even worse 2008 - instant depression

GOV stepped in - right or wrong to calm THEM - bond holders

Then it went all wrong (unless it was all sinister from day one - to kill F and F and give 5T of business to TBTF Banks - not impossible)

[Lite]

Google... china holder of mbs bonds

[DCBill]

I wouldn't trust a word that Paulson used to justify his GSE assaults and I believe that history supports my opinion.

[EternalPatience]

It is beyond joke that a company can be punted over and over and over and there is no history of any sort and no end in sight..

The only thing i can co-relate to this situation is how the British conquered and took over most of the colonies in the prior centuries.Looting, plundering, abusing, etc etc etc.. Even there, the colonies had their own option to fight for independence, freedom.

Here the GSE's dont even attempt to fight back the FHFA... COz of some stupid rule that they put in conservatorship.. It was not a over-the-weekend coup.. It was a well thought out plan by Hank with all crooked intentions..