Replies to post #820080 on Fannie Mae-No Politics (FNMA)

[JSmith5]

AIG was unable to repay the Federal Reserve and Treasury their $68 billion bailout. Any HONEST person will acknowledge that Fannie Mae & Freddie Mac have overpaid the Treasury. No amount of scratching will change Facts.

Thanks Guido - I completely agree with this. And I think most of the folks on this board would also.

But you completely missed my point - and did not address what I said - I am sure its my fault for not being clearer.

Yeah - we have overpaid the Treasury - its clear and unambiguous. By a lot. And the facts - and the law - are on our side. But the courts are not. We all got that.

As I have said before, when you look at what has happened over the last 17 years with the GSEs - a reasonable person would conclude that the law, the facts, fundamental fairness and even reason itself seem to be irrelevant.

We are now faced with a situation where the Government has expressed its intention to create a SWF. They are looking for money to fund it as well as cut the deficit. These actions are currently on steroids. The Government has a history of how it treats these bailouts. So we now need to be prepared to counter what may be coming. That's all am saying.

Thanks for all your efforts to raise awareness of the GSE story with the powers-that-be.

Nats

[DaJester]

We should sticky this for the links!

[kthomp19]

AIG was unable to repay the Federal Reserve and Treasury their $68 billion bailout. Any HONEST person will acknowledge that Fannie Mae & Freddie Mac have overpaid the Treasury.

It's so precious that you think this actually matters.

Treasury insisted on the LP ratchet in 2019 and 2021, even though FnF had already paid back more than they took in total draws by that point (and were even past the 10% moment), because Treasury insisted that it still hadn't been made whole yet. They didn't write the seniors off at that point and still haven't; expecting them to do so in the future is incomprehensible on that basis.

3 and out.

Yup, another scoreless inning for you. One more thing to add to the list of your mistakes and fallacies.