Fannie Mae-No Politics (FNMA)

[familymang]

You're asking the wrong question, the right question should be "Why wouldn't the Treasury MAXIMIZE its equity interests in the GSEs for the benefit of the taxpayers?", as anything less would be taking from taxpayers to gift to shareholders. Treasury represents taxpayers first and foremost, once you understand that, it becomes logical that they will do everything they can legally can do to maximize its value for the benefit of the taxpayers (which will come at the cost of shareholders unfortunately). That's exactly how they have been running their GSE investment since 2008 and there is no reason to think they will turn into Santa Claus overnight for shareholders benefit.