Freddie Mac-No Politics (FMCC)

[Rk3]

To the editor,

Congress could put Facebook in conservatorship as they did with Fannie Mae and Freddie Mac in 2008 and 13 years later they are still in conservatorship today. The government used an accounting gimmick with a deferred tax asset to fool the American people that they were in a "death spiral". They could put self dealing Treasury and the FHFA to setup the tried and true "Net Worth Sweep" to drain all the core capital from Facebook and label all their shareholders as "Greedy Hedgefunds". Sound extreme?

Fannie and Freddie are a shock absorber in real estate down cycles operating with almost no capital! Evergrande is failing, terrifying indeed!

Sincerely me

(Maximum letters)