Fannie Mae-No Politics (FNMA)

[jacklanvo99]

In my view Gov. are trying take control of Fnf and turn them belong to Gov. like "Post Office" . They planed it for yrs , only thing is wrong the way to take it . (shares holders) We only last hope is DoJ ...base on Constitution ." Wind them down but take all their money before it!" look like a dump guys with the guns (powers) taking privates properties...got cocktail and no jail.

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Pointing a Finger at the Fed in the Lehman Disaster
Common Sense
By JAMES B. STEWART JULY 21, 2016
http://www.nytimes.com/2016/07/22/business/economy/pointing-a-finger-at-the-fed-in-the-lehman-disaster.html

One of the more intriguing questions Professor Ball tackles is why Mr. Paulson, rather than Mr. Bernanke, appears to have been the primary decision maker, when sole authority to lend to an institution in distress rests with the Fed. The answer, he suggests, is to be found more in psychology than data.

“By many accounts, Paulson was a highly assertive person who often told others what to do, and Bernanke was not,” Professor Ball writes. “Based on these traits, we would expect Paulson to take charge in a crisis.”

There’s no way to know whether lending to Lehman that weekend would have staved off a financial crisis, or significantly reduced its magnitude.

“I’m not trying to judge them or say I or anyone else would have done any better,” Professor Ball said. “There was extraordinary political pressure not to bail out Lehman, and it would have been very difficult to go against that. But that’s completely different from what they’ve said. The record needs to be set straight.”

Professor Ball concludes: “Lehman might have survived indefinitely as an independent firm; it might have been acquired by another institution; or eventually it might have been forced to wind down its business. Any of these outcomes, however, would likely have been less disruptive to the financial system than the bankruptcy that actually occurred.”