Fannie Mae-No Politics (FNMA)

[big-yank]

Your conclusions are unsupported by any facts. It is more likely that the government neither wanted any piggy bank in the first place nor saw Amendment 3 as any ongoing source of revenue and budgetary relief.

Political gravitas inside the beltway is that much of governmental leadership wanted either reduced or no government involvement or further taxpayer risk in the mortgage finance business. Even Berkowitz's Fairholme Proposal to takeover the GSE's insurance business devotes a major section to the political reality of the impetus to "wind down" Fannie Mae and Freddie Mac and replace them with private enterprise chartered enterprises.

JMHO. And, no, my opinions are not fact based, either, so save your usual prosaic objection.