Fannie Mae-No Politics (FNMA)

[jeddiemack]

Of course the government is a liar and full of liars.

But the reality is ...

the government lost $0 money in the gse's

further, no depositor lost any money in any failed bank.

finally, the health of the economy and the gse's are dependent on the full faith and health of the US.

In a sense the US government back stops everything big. Whether its Duke Energy... or Cal Trans... or Eversource; or in other larger player... Bank of America.... so goes America so goes these companies.

As far as invested capital... All the government has to do is return the $$ it stole net of what was crammed down it and they have plenty of $$.

Keep n mind from operations... the GSE's were never cash flow negative and the loan portfolio... they had... largely performed. Without issue...