Fannie Mae-No Politics (FNMA)

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Whatever F-F 'received' from the US Treasury in 2008 - about $187 billion - was indeed a surreptitious transfer to the ailing private banks from (mostly unprivileged) taxpayers. F-F equity was badly hit by this forced subsidy-transfer through an orchestrated government fiat called 'conservatorship' of F-F.

http://www.pro-prosperity.com/US-President-CBO%20Proposal%20to%20Eliminate%20Fannie-Freddie%20is%20Dangerous.pdf


sur·rep·ti·tious
?s?r?p'tiSH?s/
adjective
kept secret, especially because it would not be approved of.
"they carried on a surreptitious affair"
synonyms: secret, secretive, stealthy, clandestine, sneaky, sly, furtive; concealed, hidden, undercover, covert, veiled, cloak-and-dagger
https://www.google.com/?gfe_rd=cr&ei=M4etVKunKdCw8wfk5IC4Dg&gws_rd=ssl,cr&fg=1#q=surreptitious


This paragraph says it all. The most succinct, factual statement ever made since the beginning of this F&F heist. Hats off to the author. WOW!