Replies to post #739243 on Fannie Mae-No Politics (FNMA)

[955]

Most of the GSE’s losses were from sub-prime and Alt/A loans..

Ron Murphree
@MurphreeRon
·
21h
Replying to
@GuidoPerei

@FannieMae
and
@FreddieMac
Most of the GSE’s losses were from sub-prime and Alt/A loans.. so what were they directed to buy from the TBTF banks at FACE VALUE? More subprime and Alt/A loans? No competent board would allow this so Paulson kicked them out under threat of personal liability

BAM!