Replies to post #690649 on Fannie Mae-No Politics (FNMA)

[JosephS]

It was also enough cash to keep them liquid for the entire period. The least amount of “cash” they had on the balance sheet if you back out all of the forced “equity infusions of sr preferred” was 2 billion dollars

Mike Ciklin and Adam Spittler did the forensic accounting work. Some people working on their doctoral degrees from LSU proofed the work and said it was accurate.

So. No liquidity issues and were solvent in 2008 thru 2012.

The government will argue that it was only because of their support and maybe the courts buy it. I hope that they look at everything they can to obtain the evidence. Evidence they clearly are hiding and will continue to attempt to hide.

Not a recco

[jog49]

I recall the combined figure to be $96 Billion, not $50 Billion.