Fannie Mae-No Politics (FNMA)

[jog49]

I would like to know why these idiotic judges think it's the responsibility of institutional investors to be the designated financiers of the GSEs when they need funds? Institutional investors are the same as we individual investors except they are buying stocks in blocks for their constiuents rather than as individuals. They are here for exactly the same reason all of us are here.......to make money.
As I recall, early on, the GSEs said that if they need money to cover shortages, they could borrow the money from a number of sources.
The government steps in and says it can only be borrowed from treasury and even dictated how much they were to borrow. Those are the old strong arm tactics used by the mob. It was illegal then and it is illegal now. Problem is we can't find justice in places it should reside.