Fannie Mae-No Politics (FNMA)

[955]

That's why Treasury & FHFA changed the PSPA from 10% to 100% sweep. They saw it coming and had to act quickly to prevent re-capitalization and subsequent release from C-ship. F&F held off telling Gov as long as they could until they were forced to make quarterly filings with SEC. Take-down of F&F was deliberate, planned well in advance and is currently being executed with total disregard for the law.

How could the government not have know that the GSE would make 400+billion in profit from 2013-2023? The answer is that they knew they would.