Replies to post #761496 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Oh yeah, the Jurors have seen the extent of the transfer of funds from the balance sheets of the GSES to the US Treasury coffers.

BUT, da Gubmint Attorneys maintain that IT WAS REASONABLE for Uncle Suggy to implement the NWS due to the extraordinary loan Commitment and the alleged financial precariousness of the GSES in early 2012.

Old Ed will testify soon that he was trying to 'conserve and preserve' the GSES by agreeing to the onerous terms the UST presented him, besides someone on the Hill told him that the US Congress was going to "decide the future of the Secondary Mortgage Market' soon anyway. The Government Attorneys say that the Shareholders should have seen it coming and that the Shareholders are still free to buy and sell their shares.

Shockingly, half the Jurors believed the Government last time.