Fannie Mae-No Politics (FNMA)

[bcde]

"Here is a link to the article. It says that the AIG case is different than the GSEs because AIG would have had no value had the government stepped in a saved them. "

AIG was never bankrupt. It was liquidity problem. If AIG were to get help when they needed liquidity (<20B) then AIG would have never needed bigger amounts (200B).

In fact there was a private investor who was ready to buy AIG, but Hank did not allow it (please read in his book). With his rescue scam, major beneficiaries were his WS companies that received in billion for default insurance contracts. The court decision was another scam, a typical pro-gov and anti common people ruling.

In fact Hank did the same with FnF even though FnF never needed any help.

Hank also did the same with many banks, imposing Gov bailout even when they never needed it. With this Hank made a smaller crisis look like very big crisis and caused Global financial meltdown.