Fannie Mae: Who Doesn’t Have Access To Protected Information?

Fannie Mae: Who Doesn’t Have Access To Protected Information? by Todd Sullivan, ValuePlays

Peter Chapman has been kind enough to update this chart for us. I think it is pretty obvious why we are hearing the chorus grow louder from various corners (even al Sharpton weighed in today) to release Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) from conservatorship. What this growing list of people have seen in these documents paints a far different picture that what the government would have you believe.

Additionally, we are seeing the conversation on Fannie Mae and Freddie Mac’s changed from a “fiscally responsible” one the a “class” one.  The GSE’s have gone from the “poster child” for the housing bubble to the best change for the poor and minorities to own a home. That switch, makes a vote to do anything with them other than keep them a vote against minority/poor homeownership.  NOT a vote someone makes in an election year

Fannie Mae: Individuals With Access To Protected Information In Fairholme v. U.S., Case No. 13-465C

I’ve maintained the administration can make an election year splash by releasing them from conservatorship. He can:

1- make the taxpayers billions

2- make shareholders whole

3- stop what will be an embarrassing litigation

4- boast of the effectiveness of government action

There are probably more that those are what I’ve been saying……