Fannie Mae-No Politics (FNMA)

[bcde]

"Yes, there were plenty of confirmations of Big Trouble in River City."

Yes, But FnF were well capitalized and their loan losses were far less than other private FIs. FnF were no where near the brink of defaulting.

BTW the reasons for FHFA conservatorship was to use private FnF for public use (without compensating for the servie). That is to provide liquidity to illiquid markets and bailout privat FIs. Behind the scenes the sinister plan was to destroy FnF and give their business to Wallstreet private companies.

FHFA conservatorship was never meant for bailout of FnF because FnF were not in need of Gov bailout. Why would FHFA force massive asset write offs and force unwanted expensive loans on FnF? If Gov wanted to help FnF it could have simply provided a credit line.

If FHFA conservatorship was to help FnF then FHFA would have allowed to FnF to just pay back the loan and end the conservatorship. But FHFA went further to force NWS on FnF to never allow FnF to exit conservatorship.

These can never be considered as voluntary consent by FnF/BOD/CEO or FnF share holders.