Fannie Mae-No Politics (FNMA)

[tpfischer]

To summarize:
Gov’t invested $200 B and received:

$300 B in payments from GSEs
$100 B in value of warrants
$243 B in fines paid by banks

Total return of $643 B to the US Gov’t

What’s left?

$ 0 value to GSE shareholders.
Severely under capitalized GSEs