Fannie Mae-No Politics (FNMA)

[mrfence]

It appears Gooberment is attempting to divest itself of sponsorship status by keeping liability off its books leaving common shareholders holding the bag which could/would cause irreparable damage to MBS holders whenever default collateral becomes insufficient violating their rights to implied Government backstops that came with original purchase.

I can't currently locate the shadowy chain of transactions showing the $$$ that are actually propping up the current MBS held as assets by the Federal Reserve to be China so I'll retract that statement for now but currently MBS is about 41% of Federal Reserves total SOMA...

Collateral for U.S. currency in circulation and other reserve factors that show up as liabilities on the Federal Reserve System's balance sheet https://www.newyorkfed.org/markets/soma/sysopen_accholdings.html