Seeking Alpha

Fannie Mae's (FNMA.OB) major settlement with Bank of America yesterday takes care of about 75%...

Fannie Mae's (FNMA.OB) major settlement with Bank of America yesterday takes care of about 75% of the GSE's buyback issue, says CEO Tim Mayopoulos. "Many of those resources we were devoting to legacy issues ... can now be put to other uses."
Comments (3)
  • .

     

    FNM and FRE .... $400 Billion taxpayer losses

     

    Barney Frank , Chris Dodd , Charlie Rangel and Maxine Water's lasting legacy

     

    .
    8 Jan 2013, 01:44 PM Reply Like
  • There will be no justice for the taxpayer until former Fannie Mae, CEO's and executives salaries are "clawed back" to include, but not limited to:

     

    1. James A. Johnson, CEO, 1991-'99 began easing loan standards.
    2. Franklin D. Raines, CEO (friend of Obama), 1999-'04
    2a. Tim Howard, CFO under Raines.
    2b. Jamie Gorelick, (friend of Bill) Vice-Chairman of FM. 1997-'03.

     

    And last, but by no means least, honorable mention to the US Presidents that put all these evil people into motion with their poorly thought out policies:

     

    1: Lyndon Johnson for taking FM "private".
    2. G.H.W. Bush (Rino) for extending FM's charter to "affordable housing".
    3. W.J Clinton, for pressuring FM to make more risky "low income "
    loans.
    4. G.W. Bush, (Rino), for his "Ownership Society".

     

    On second thought, perhaps the taxpayer deserves the bill for electing these clowns to positions beyond their ken and conscience..
    8 Jan 2013, 04:01 PM Reply Like
  • Barney Frank , Chris Dodd , and Maxine Waters wouldn't allow Bush to regulate them in 2003 or 2005 . The bills were held up in committee and never allowed to hit the floors of House or Senate

     

    Like Harry Reid does with budgets , as the Senate hasn't voted on one in 3 years because they never hit the floor
    9 Jan 2013, 02:51 PM Reply Like
DJIA (DIA) S&P 500 (SPY)