Fannie Mae Preferred S (FNMAS)

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"So the only danger to taxpayers seems to be that created by the U.S. Treasury and FHFA, in not allowing them to rebuild capital as a cushion against a future housing downturn. Even if there was another housing crisis, Fannie and Freddie today would certainly not be allowed back into the subprime market that guaranteed loans from such as Countrywide Financial that was in turn bailed out by Bank of America."

The real Tim Howard
"There is no credible basis for the oft-repeated contention that they are a "failed business model," he said. "Even after Fannie Mae and Freddie Mac made unwise decisions to lower their underwriting standards to try to compete with private-label securitization, their loans acquired between 2005 and 2008 still performed four times as well as loans from that period financed through private-label securities, and more than twice as well as loans made and retained by commercial banks during that time."



http://www.huffingtonpost.com/harlan-green/why-doesnt-us-government-_b_6912198.html