Re: Fannie Mae: Inquiring Minds Would Like Know...

We know, more or less, how much money was taken from the Taxpayers and given to Goldman and other firms in order to monetize AIG's derivatives problems at 100 cents on the dollar.  And Geithner was responsible for that payout and why should he care - he skips out on paying taxes anyway. 

But most people are probably unaware that Fannie Mae was also one of the world's largest users of derivatives. I would love to know how much of the $60 billion Fannie Mae has purloined from the Taxpayers has gone to pay out Goldman, et al. There is no doubt in my mind that derivatives were more responsible for FNM's collapse than mortgage defaults. Would love to hear anyone's thoughts on this.