Fannie Mae (FNMA)

[Robert from yahoo bd]

Unlike AIG, THERE WAS A PREMEDITATED INTENT TO NATIONALIZE THE GSES PRIOR TO HANK PAULSON'S "OFFER YOU CAN'T REFUSE" TO THE BOARD OF DIRECTORS!

The Government's bizarre structuring of the PSPA can easily be explained by two things: (1) 80% or more ownership of the gses results in $6.7T landing as LIABILITIES ON THE FEDERAL GOVERNMENT BALANCE SHEET. (2) The perpetual conservatorship gives the Government the total control they would have had if they owned the companies.

Do you really believe that the government didn't act in bad faith in 2008? Did you see the Steele Memo?