Amidst an increasing number of lawsuits against the government, analyst Dick Bove is questioning if stockholder fraud has occurred at Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA), which was placed into government conservatorship in 2008 and will be repaying the remainder of its outstanding government bailout within weeks. “The government clearly believes that it is above the law because it rescued these two companies from bankruptcy,” Bove, vice president of financial sector research at Rafferty Capital Markets wrote in an investor letter Friday. “The courts may not believe that the government is immune to the laws, however.” Did FDIC…
Noted Bank Analyst Dick Bove Questions Fannie Mae "Fraud"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.