Replies to post #791191 on Fannie Mae-No Politics (FNMA)

[Guido2]

I attached my link to my original post. I didn't pull it out of thin air. From the link:

"Many experts say that the Libor scandal has eroded public trust in the marketplace. Indeed, securities broker and investment bank Keefe, Bruyette & Woods estimated that the banks being investigated for Libor manipulation could end up paying $35 billion in private legal settlements—separate from any fines to regulators."

Also, from the same link:

"All told, global banks have paid over $9 billion in fines."

Would like to believe your claim of $400 billion. Can you provide a link? The LIBOR case has only been discussed on this board for a couple of weeks since Imbellish posted a video interview. Those with more information are most welcome to share their knowledge about this case.

[stockanalyze]

"The vast majority of the 400b is Wamu." would wamu need to pay a major chunk of it to fannie mae and freddie mac? wamu shoved all of its bogus loans to fannie mae and freddie mac, so it owes every penny to fannie mae and freddie mac. in fact, wamu was key driver of 2008 crisis.