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?
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?”