Fannie Mae-No Politics (FNMA)

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Findings of Fact - Unnecessary Bailout

The fact that Fannie and Freddie never needed a bailout, and were forced ( under duress) to accept, needs to be officially found to be factual by a relevant Court. The official narrative prevails:

"...Fannie Mae and Freddie Mac are two of the Nation’s
leading sources of mortgage financing. When the housing
crisis hit in 2008, the companies suffered significant losses,
and many feared that their troubling financial condition
would imperil the national economy..."

- opening sentences from Alito's opinion

This narrative must be officially refuted and replaced by the fact that the GSE's were solvent and forced to accept a bailout they didn't need.

Fortunately, the government also forced other financial institutions, who were completely solvent, to accept (under duress) huge bailouts simultaneous with the bailouts of the GSE's:

From the Boston Globe 5/19/2009 -

"First nine banks were forced to take bailouts" - headline

"It's no secret that some of the banks had to be pressured to participate, with several CEOs saying they had been strongly encouraged to take the funds. But the documents are the first proof of the government's insistence.

"These documents show our government exercising unrestrained power over the private sector," Judicial Watch president Tom Fitton said in a statement."

"Paulson wanted HEALTHY INSTITUTIONS that DID NOT necessarily NEED CAPITAL to participate in the program first, to remove any stigma that might be associated with a bailout. He told reporters the intervention was "what we must do to restore confidence in our financial system."

...emphasis added

This fact, that Fannie and Freddie were solvent and forced into taking a bailout, must be found to be factual in court, essential to our case.