Fannie Mae-No Politics (FNMA)

[FFFacts]

Another good piece by the honorable Gary Hindes. All the plaintiffs needed to do was put that written piece in the court documents and the judges would have understood. Instead they decided on overpaid and incompetent lawyers writing a bunch of legal junk that was designed to confuse the judges.

One issue with the piece though is that nationalizing them would be adding 6 trillion to the national debt. The accountants can develop all sorts of rules to not put that on the national debt.

https://www.cbo.gov/system/files/2020-08/56496-GSE.pdf

When FHFA put Fannie Mae and Freddie Mac in
conservatorship, CBO (after consulting with the House
and Senate Budget Committees) began treating the
GSEs as government entities in its budget estimates.

https://www.cbo.gov/sites/default/files/111th-congress-2009-2010/reports/01-28-financialmarkets_testimony.pdf