Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Yes

The TBTF Banks sell junk paper to F and F

F and F chokes on that paper

F and F get blamed along with lower middle class America

Senate rides to the rescue and kills F and F to hand it over for pennies on the dollar to ------- yup --- the same TBTF Banks

I fail to understand how this charade continues

When F and F were falling - for whatever reason or caused by whatever cause - the GOV could have takent them over using the veil of massive security risk or whatever. The world hated F and F and it was out of cash

But now - now that F and F are healthy again despite the best efforts of the TBTF banks and their friends - the effort to kill F and F and replace it with an explicit bailout and crooked banks must be done in daylight

And yet the disinfectant power of sunlight has not worked - yet ?