Replies to post #737524 on Fannie Mae-No Politics (FNMA)

[skeptic7]

Further demonstrating the cause of action has been wrong since the outset. The "broken GSE model" in need of repair was never broken. The GSE's were not in need of a bailout that they could "never repay" and the conservatorship was forced upon the entities in an effort to stave off disaster to others. In fact the GSE model was so NOT "broken" it was required to rely upon creative accounting to actually have the conservatorship put in place to begin with.
This case, as are the others, are non-starters.