Mr. Pittenger: So you feel that you have been adequately directed? $FNMA Demarco @USTreasury
note that exhibit G is freddie board minutes from june 2012.
lol, red handed.
we can't see that, but we can see..
exhibit A: grant thornton forecast assumptions
exhibit B: forecast, no need to do a net worth sweep. and estimated profitability with higher g-fees, can't say that i understand line 16 of page 11, how does that ever decrease wit hthe third amendment Net Worth Sweep">net worth sweep?
exhibit C: look at how the pspa is wound down to $16B by 2023.
so where exactly is the need for the third amendment net worth sweep coming from?
could it be that the USTreasury is running the show?
Mr. Demarco: "The Treasury Department is the senior shareholder of Fannie andFreddie. I consult with them a lot on these things and I believe the Administration needs to speak to itself with regard to the specifics of what I have laid out, but I believe I have a good relationship with the Administration in talking through these issues and in indicating to them the direction that, as conservator and regulator, I believe it is useful to go, and I benefit from the feedback I get from them."
"Mr. Pittenger: So you feel that you have been adequately directed?"
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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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