Fannie Mae-No Politics (FNMA)

[big-yank]

What I do understand is what Jack Lew said under testimony. He said the $187 billion was returned but that did not end the obligations owed the American taxpayers.

Hedge fund managers bought Fannie shares for 25 cents. When the share price exceeded their purchase price, did those investors say "thanks of the nice gain" or did they SUE for even larger gains?

Why is it NOT okay for the government to want something more than it invested, but FINE for hedge funds that also covet some enormous gain? The government backstops FnF with a multitude of bennies that include low interest liquidity, huge TAX BENEFITS not offered other mortgage-market players, etc, etc, etc. Name one hedge fund initiative that EVER advanced the cause, purpose or importance of the GSEs until they bought shares on the cheap. Name just one!