Replies to post #701040 on Fannie Mae-No Politics (FNMA)

[Guido2]

https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20#:~:text=According%20to%20Keefe%2C%20Bruyette%20and%20Woods%2C%20which%20compiled,Thirteen%20banks%20make%20up%2093%25%20of%20the%20total.

[jog49]

"Because the poor babies were still in rough shape, even after dumping those bad loans on the GSE's."

Perhaps they didn't reap the windfalls of which they had hoped but the TBTFs, choking Fannie and Freddie with bad paper, were NEVER in rough shape! Guarantee you every one of those that settled were in the black after the dust settled!!!!!