Replies to post #739070 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

That's exactly right as I recall. You know even in the current trial, you could see David Stern getting all pumped up peppering his closing argument with phrases like, "The companies HAD MORE THAN $191 BILLION IN LOSSES!"

Of course David never mentioned the exaggerated Credit Loss Reserves that the FHFA forced on the GSES and DTA'S being reversed subsequent to the 2013 $100B + in cash sweeps to the UST during closing.

[chessmaster315]

Correct. When shareholders proved there was never a death spiral, the government needed to make up new lies to justify the Net Worth Steal.