Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Ahh, the conflict, it seems the Administration is having a hard time with the reality that they have Nationalized the GSES continually since September 06, 2008.

"As a result, the Congressional Budget Office concluded, the institutions effectively became governmental entities whose operations should be reflected in the federal budget. By contrast, the Administration considers the GSEs to be nongovernmental entities. CBO projects that under current law, the mortgage guarantees issued by the GSEs will have a budgetary cost—that is, the cost of the guarantees is expected to exceed the fees received by the GSEs."

Where's the 3 MAJOR CREDIT WATCH AGENCIES S&P, MOODY'S, AND FITCH COMMENTING ON THE IMPACT OF THE NATIONALIZATIONS ON THE FEDERAL BALANCE SHEET?