Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

We know BA at one point held at least 5% to 10% of the common of both the gses and alot of jps. He also seems like he's still very actively involved from his yearly updates. The tough part about this entire drama is that I wonder if the federal government would have gotten away with the looting of tens of thousands of hard working American retirees and families if BA or another "evil hedge fund guy" didn't step in to take on an adversary with virtually unlimited resources and unlimited time. The reluctance of the Bush, Obama, Trump, and lately Bidens Administration (not to mention Congress) to protect Americans property rights and to continue the pilfering of two large private corporations and consequently their shareholders is disturbing to me and I hope to the SCOTUS as well.

I get the argument about private gains and social losses, but the fact of the matter is that regulators (especially the Libertarian Greenspan) turned their heads away when the PLS market became a race to the bottom in both loan pricing and quality, the federal government has been fully repaid, and the federal government by law in 1968 decided to privatize the gses.