Fannie Mae-No Politics (FNMA)

[chessmaster315]

Huh???
Why will the government "require and explicit paid for guarantee for catastrophic losses"? The government did not require such fee for banks, GM, AIG, etc., etc., so why pick on fnma???
If you read the plan, GNMA and VA will have an explicit government guarantee. FNMA and FMCC dont need a government guarantee, they did not have one in the past (read the circular!! It specifically states these shares are NOT government guaranteed), and did just fine until the government hatched a plan to rape and pillage fannie mae to suport Obamacare.
The "guarantee" (that is, insurance such as PMI, Private mortage insurance) is issued by FNMA and guaranteed by them.
Insurance companies are NOT guaranteed by the government, but they are REGULATED by the government. Same with FNMA. WE are not guaranteed by the government, just regulated by the government. One of the ways the government regulates fnma, is by a capital requirement to cover possible losses. (banks are the same way, so are insurance companies)