Replies to post #765505 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

ugly
one thing planned and intended

then another said in hearings

bastard

[Vancmike]

Rodney, great stuff, thanks for posting.

[stockprofitter]

Sticky!

[skeptic7]

"Quote: “Let me stress that there are no immediate plans to access either the proposed liquidity or the proposed capital backstop. If either of these authorities is used, it would be done so only at Treasury's discretion, under terms and conditions that protect the U.S. taxpayer and are agreed to by both Treasury and the GSE.” End of Quote Page 6"

That is the entire secret sauce in nutshell fashion. Disastrous.