Fannie Mae-No Politics (FNMA)

[jog49]

I assure you there are people here who would not agree with your wimpy, powder puff solution to the illegal NWS. A nefarious group huddled up in a back room somewhere, decided the conservatorship route first chosen would not be enough to close down Fannie and Freddie, decided to go the net worth sweep route; hoping to force eventual receivership, with an eventual outcome of F&F business in the hands of their cronies at the TBTF banks. They lied to anyone willing to listen about the dire situations Fannie and Freddie found themselves at the time of the third amendment. Then, as if a miracle took place, the first financial reports after the NWSs were put in place showed that both entities were profitable! The NWS was nothing more than an extension to an ill concocted scam already begun at the time of the conservatorship.
From 2012 - 2016, Fannie Mae and Freddie Mac have been hugely profitable and for four years, you, as a shareholder, have been denied any ability to share in the prosperity of corporations you actually own. For some reason you don't think you've been damaged?
Move to the back of the line kid and let the real shareholders have their say.