TINA · @DoNotLose
28th Oct 2019 from TwitLonger
$fnma #fanniegate
I'm curious why any attention is still on the 10/22 mandatory hearing when the 10/23 interview Calabria chose to be on resulted in:
1) 19:45 minutes: CALABRIA CLARIFIES THAT HIS COMMENT TO WIPING OUT SHAREHOLDERS IS ONLY WHEN A COMPANY BECOMES INSOLVENT. THIS IS THE LAW.
2) 24:30 minutes: CALABRIA SAID FANNIE WAS INSOLVENT IN 2008-2012. FANNIE IS HUGELY PROFITABLE NOW.
3) 27 minutes: THE LAW SAYS THERE ARE ONLY TWO CHOICES...FIX AND REALEASE OR RECEIVERSHIP. SINCE RECEIVERSHIP CANNOT HAPPEN DUE TO POINTS 1 & 2, THE ONLY OPTION IS FIX AND RELEASE.
refer to https://www.youtube.com/watch?v=cGIjlhnBfRU