Fannie Mae-No Politics (FNMA)

[GAK-]

The point is, they were not in a death spiral, as the government has claimed in sworn testimony, and the government knew it. Their motivation for sweeping the profits, according to the document, was in order to wind down the GSEs, which they were not allowed to do without transitioning to receivership. A receivership would have required written notice to congress, per HERA.

Of course, these facts are only relevant if you are interested in Facts, mr. facts.