Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Do you think private capital will be foolish enough to provide the first lost capital to public private entities like the GSEs again when SCOTUS just gave legislators a nationalization playbook?

GREAT F'ING QUESTION!!!!!

Given the SCOTUS endorsement of THE LEGAL RIGHT OF THE FHFA TO NATIONALIZE THE GSES UNDER A HERA CONSERVATORSHIP, WHO IN THEIR RIGHT MIND WOULD WANT TO GO THROUGH WHAT WE HAVE GONE THROUGH!

I mean I think that the Federal Government (AS USUAL!) HAS BEEN THE WORST NIGHTMARE PARTNER POSSIBLE FOR ANY PRIVATE CAPITAL THAT IS EVEN CONSIDERING PUTTING THEIR PRIVATE CAPITAL AT RISK IN THIS PUBLC GOOD/PRIVATE CAPITAL PARTNERSHIP!

"We promise not to do it again" statements by the federal government will be soundly rejected by the market!

Look what happens in the rental housing market when Uncle Suggy says, "Tenants of Amerika, you don't have to pay rent for 18 months, the evil Landlord will take care of it!"

https://www.abc15.com/news/state/valley-real-estate-company-asks-potential-tenants-to-bid-on-home-for-rent

“Let the ruling classes tremble at a Communistic revolution. The proletarians have nothing to lose but their chains. They have a world to win." - Karl Marx