Fannie Mae (FNMA)

[Robert from yahoo bd]

All previous FDIC takeovers of banks were relatively quick and temporary. SLT even said that at her confirmation hearing.

Most banks ARE NOT vital lynchpins of the American Secondary Mortgage Market.

What's especially pernicious and troubling about the NWS is the over $100B in profits swept into the Treasury's coffers from the GSES balance sheets in 2013 alone.

Seems outlandish to me, but 1/2 the Jury thought it was okay and so did 9 Justices.