Thursday, August 28, 2014

fnma was forced by fhfa to write down 60 billion it never lost in the first two quarters of conservatorship

fnma was forced by fhfa to write down 60 billion it never lost in the first two quarters of conservatorship


this is why the dta came back. THE real trick to it all is this 60 billion added to the 118 billion that Fannie supposedly owes to the treasury, and that they were required to pay 10% interest on in dividends.

can you see the truth? take away the 60 billion and take away the interest on the larger number over the last 5 years and how much was REALLY needed? maybe 30 billion.

Now it does not take a genius to see this, and HOW much Fraud money has the FHFA collected from banks FOR fannie mae? lets say 30 billion.

No matter how you look at it the TBTF banks only paid 10 cents on the dollar in settlements of their real valued of crime, so the real crime was upwards of 200 billion, and fannie needed 30 billion.

It really is that simple, Fannie is being Raped and enslaved daily. Courts will see this truth.
If america had actual reporters the story would be told, as it is the facts and the truth.

when FHFA took the write down the interest started on the write down immediately, Now if the write down was added to the senior preferred the balance owed would be more than was needed to keep the business running. So if FHFA forces a write down then charges interest on that writedown it would appear as fannie needed 118 billion to save it, THIS IS FALSE.
If the writedown was refunded by dta, then it would be impossible to for the LIQUIDATION preference to be 118 billion, that is a ficticious number. the DTA and all interest for the initial write down are a sum zero. therefore the FHFA has it as a expenditure for the LP but not a rebate for the DTA and the interest paid. THIS IS A SCAM. This makes it seem like Fannie was in more trouble than it really was. THis allowed the FHFA to direct fannie to act as a bad bank and take on even more toxic loans AFTER the conservatorship started. THATS RIGHT, AFTER.
the truth needs told.