Fannie Mae-No Politics (FNMA)

[bcde]

"So, how did AIG get out of jail while FnF remain on investor death row?"

AIG were never under conservatorship. Under Gov bailout terms (may be some laws)_AIG was was managed by Gov appointed BOD/CEO. But BOD/CEO were private and independent. Once Gov recovered all the bailout money, Gov stopped telling AIG what to do.

In case of FnF, Hank's main goal was to liquidate FnF using conservatorship, but he could not do it without unwinding all the interconnected transactions/investments. If Hank were to continue as UST-SY then probably Hank would have liquidated FnF.

HUD-OHFEO was the regulatory agency for FnF before FHFA. BTW HUD started as House and Home Financing Agency. UST never regulated FnF.