Fannie Mae-No Politics (FNMA)

[Digra Ive]

It is kind of puzzle.
If BAC want to partner with GSE and down payment to 3% so both organizations has to be well equipped aka have cash reserves.
If one of 2 legs will be cracked so all building will collapse.
Treasury has continuously been drowning FnF of their reserves. It is the same as cracking the one of 2 legs.

Under this circumstances can't clearly see how boundary of BAC and GSE will come to life.