$FNMA #FANNIEGATE LEAKED MEMO QUOTES Potentially accelerate recognition of losses prior to 2012 (there is currently a $180 billion difference between the GAAP and Fair Value balance sheets of the GSEs)
boom shaka laka
so, you didn't know about the DTAs?
$180B sounds quite like the size of the bailout, are you sure it was necessary?
tim howard, the prior CFO says that the bailout wasn't necessary... more like a forced takeover...
how about a hurts donut?
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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Read moreDisclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.