Replies to post #748395 on Fannie Mae-No Politics (FNMA)

[nagoya1]

How the hell do these idiots manage not to get fired because they aren't able to choose the correct stress testing method.

It's called "stalling"and pushing the buck later, find any way to stall as long as possible because the other bureaucrats don't want to release the GSEs. (No Mr or Mrs Judge- there is nothing wrong with the govrats screwing with the GSE shareholders, sarc of course)

If these dingbats worked for other financial institutions, they would have been fired for incompetency.

Working for the GSEs, these clowns managed to retain their jobs and possibly get promoted.

IN the meantime, we wait for the release of the GSEs...FACK

FNMA

[Donotunderstand]

ouch

passing the most adverse stress test is IMO important to reducing the current level of required capital

ouch

[Louie_Louie]

Navy, could you please post the full lower portion that talks about receivership and transfer to new entity, please. Much thanks for this and all your other posted info in advance!
This is spiking my curosity! The whole first part under the receivership topic you could apply to our bankrupt government. The topic goes into a new entity though which I don't know how they'd be able to swindle assets to a new entity over one bad quarter, if it happened, when FNMA has been profitable for years. But it sounds like they can set us up for a catch 22 anytime they want, which I would hope puts them in court for extortion.

Extortion is the wrongful use of actual or threatened force, violence, or intimidation to gain money or property from an individual or entity. Extortion generally involves a threat being made to the victim's person or property,

The receivership section seems to be pointing to a new entity transfer of assets but ends abruptly where your capture ended.