Replies to post #749463 on Fannie Mae-No Politics (FNMA)

[JOoa0ky]

They can't get over the fact that FnF turn a quarterly profit.. but fail to realize that profitability isn't the sole determinant of distress.

The greatest FnF tragedy has yet to occur... it's not the day the conservatorship happened. It's not the day the NWS was announced when all profits were stolen.

The greatest tragedy is the day FnF exits conservatorship and legacy commons who have been holding for decades finally lose it all.

Oh course they think I'm a bad guy....because I don't tell them what they want to hear, I tell them reality.

ALL bankruptcies are analogous to this particular Conservatorship! Yet some can't seem to grasp that scale has nothing to do capital requirements.

[Robert from yahoo bd]

How many bankruptcy reorgs did you do where the Conservator took $300B+ in NET PROFITS for itself IN RETURN FOR NOTHING, thus depleting nearly ALL their wards capital?