Fannie Mae-No Politics (FNMA)

[mrfence]

Of course the GSEs wrote the JPS terms to benefit the GSEs and that's what JPS holders bought. While JPS holders' claims sound in tort against the Government, many current JPS holders imagine remedies that require the GSEs pay for Government fouls as if the Government can make a right by adding another wrong to its party foul repertoire. The irony of JPS settlement logic says it's OK for the Government to continue stealing from the GSEs just so long as the Government gives the bounty to the JPS holders instead of keeping it for themselves meanwhile making the case that the Government theft was wrong to arrive at the settlement table in the first place.