Fannie Mae-No Politics (FNMA)

[Always wondering]

48:35 – Defendant says that FHFA made a statement to Treasury that the companies’ net worth was below zero and that is why the infusions were made. Says plaintiff is trying to shut down the mechanism that is “keeping Fannie and Freddie alive.”

(Side note: Sounds like defendant is making the case that Fannie and Freddie are not profitable businesses. Easily refuted.)