Replies to post #780519 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"The Government is acting no better than a Banana Republic!" US Appellate Judge Brown

[Donotunderstand]

Viking

I hear you - yet

Best I understand - the NWS payments - (illegal of course) --- where ALL PROFIT --- not ALL RECEIPTS

So - please help ---- the NWS payments - way above 10% in some quarters - were still profit

So if FNMA bought 100B of shit PLMBS from banks/market with the GOV 100B cash ---- the NWS payments would ONLY have been on the profit made -- not the full amount . So if FNMA bought 100B market price PLMBS and they went to 120B ---- Fannie would pay out under the NWS 20B not the 120B value. And if FNMA bought 100B .... and they went to 90B market value - then Fannie sitting on them or even if selliing them would not pay out in NWS dividend one penny

Still missing the VALUE - BASE PRICE PAID FOR (a bit market adjusted) the PLMBS of say 100B --- IMO that should still be at Fannie but I have never seen good discussion of why it is not in capital if SP was classified and treated by GOV as investment cash