Fannie Mae-No Politics (FNMA)

[navycmdr]

as the 5th Circuit Graphically pointed out in Oral
Arguments -

"Mr. Tatterberg ... the most POWERFUL
and FACTUAL argument AGAINST your position is the
FACT Treasury has already been MASSIVELY COMPENSATED
liken a PAYDAY LENDER"

Since entering into the PSPAs, the GSEs have paid
over $300 BILLION to the Treasury.

At the same time, the PSPAs have prevented them
from maintaining sufficient capital to operate
independently of government support.

This has required the FHFA conservatorship to
continue year after year.