Replies to post #742024 on Fannie Mae-No Politics (FNMA)

[skeptic7]

Challenge the legality of the implementation of the conservatorship. The conservatorship was based on financial reporting that was later found (via lawuit settlement) to be fraudulent. The companies were not insolvent, not anywhere near insolvency. The "bailouts" were imposed as a result of a conservatorship put there pre-emptively so that the GSE's would have the loot on hand to absorb all of the bad paper that was about to be dumped on them.

BUT FOR the illegitimate conservatorship, the bailouts would have never occurred, and the NWS would have not been a consideration, and the FHFA would have never been established and created as conservator.

For starters.