Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I hear you! Do you think that the current litigation effected the 4th Amendment in anyway or was it simply a desire of the previous adminstration to strip free money from the current administration?

If there is a trial in the COFC that zeros in on the motivations of Uncle Suggy to Nationalize the gses and the Judge fires off some statements from the bench that he'd rather see the parties settle than issue a massive judgment, that could be a motivation for the administration in power to do the right thing.

At some point their may be enough capital on the gses books for the government to realize it's time for them to cash out and that could also motivate them to do the right thing.

But holding the owners of these two private corporations hostage for all these years after their Corporations neatly vacuumed up all the garbage and toxic PLS from the GFC and provided a desperately needed vibrant Secondary Mortgage Market last March and provides the Federal Reserve another tool in their tool belt to influence long term interest rates IS WRONG!

Eventually the government will realize that having a 1st loss capital position is a good idea.