Fannie Mae (FNMA)

[NobodyFromNowhere]

I believe that the banks were really lobbying so that the could bury the body (ie Fannie/Freddie) before they had to pay the big settlements.

Similar to an armed robber that kills the victim once the victim has seen their face. Might as well kill them because they are going to jail for life anyways.

Unfortunately, the body was too big to bury and the the ground too icey to dig deep enough. Fannie and Freddie had to survive to save the financial system, and then they won BILLIONS in fraud suits against the banks.

Corker/Warner/Crapo/Johnson/Hensarling bills were designed to bury the body while resurecting the same institution with a new name.

The game is up. Fannie and Freddie win.