Fannie Mae-No Politics (FNMA)

[Guido2]

Just adding to your excellent post.

For those who don't know, Freddie Mac in 2007and Fannie Mae in 2008 raised new capital at their Regulator, James Lockhart's orders. He then gave them a clean bill of financial health in July 2008. He said they had $95 billion in capital.

Two months later he put them in conservatorship that ended up sending $301 billion of their equity to the Treasury. Which idiot would invest in these corporations unless the current shareholders get restitution?