Fannie Mae-No Politics (FNMA)

[chessmaster315]

Good question. Since its established that (per the Offering Circular on Fannie preferred quoted in previous post):
1. Fannie mae is NOT GUARANTEED BY THE GOVERNMENT AND
2. Shareholders, not taxpayers, are "on the hook" for losses.

It begs the question:
Why is the government lying to us, telling us that "taxpayers are on the hook" and "taxpayers deserve profits of fannie mae because taxpayers bore the risk"?
Neither are true. The goverment also exaggerages the amount of the bailout which was NOT 187 billion, but 120 billion.