Fannie Mae-No Politics (FNMA)

[HappyAlways]

Sounds like communism is in US.

The plaintiffs opposing it were hedge funds that had bought the companies' beaten-down stock and would make a killing if the firms wer suddenly required to share cash with private investors again. In fact, the plaintiffs argued that they were entitled to $124 billion Fannie and Freddie had allegedly overpaid the Treasury. Fortunately, the justices ruled that the government's profit "sweep" was fully authorized by a 2008 statute that created the FHFA. This was correct both legally and common-sensically - a taxpayer-funded speculator windfall would have been a deeply unjust conclusion to this saga.

The government will continue to bear the downside risk of backing nearly half of the United States' $11 trillion in mortgages, while also reaping the profits. That's an improvement over the pre-bailout situation, in which taxpayers bore the risk but shareholders got the upside,

They forget US is a free market. US stands "high" in the world because its core value in protecting liberty, freedom of speech and private property. HI-jetting 2 private companies to provide public service is NATIONALIZATION.

BTW, I saw a picture in Reddit that there were white slaves for many years in Africa.