Fannie Mae-No Politics (FNMA)

[FOFreddie]

Sheila Bair talks about a "Bear Stearns moment" for the US Banking System.

https://www.allsides.com/news/2023-03-17-1540/banking-and-finance-banking-system-verge-bear-stearns-moment-former-fdic-chair

Wonder if the JB Admin has an internal memo they will leak to the press with a plan to to Nationalize the US Banking System like the GWB did when they sought to Nationalize the GSEs in March of 2008. This memo was leaked a week before Bear Stearns collapsed and added instability to the MBS market.

Looking for a Memo like this from the NEC to UST regarding benefits of Nationalization of the Banking System this time around:

https://ypfsresourcelibrary.blob.core.windows.net/fcic/fcic-docs/2008-03-08_Treasury_Email_from_Hason_Thomas_to_Robert_Steel_Re_Source_document_for_Barrons_article_on_FNM.pdf

Wonder how the shareholders of SVB and Signature Bank feel - see the part in the NEC Memo talking about " as shareholders get wiped"

This is a couple of months before the GSEs sold billions more of JPS to the public in the Spring of 2008. Wonder if the Underwriting Syndicate knew anything about the GWB Admin efforts to Nationalize the GSEs.

Could the FDIC nationalize more banks for the public benefit and have the FDIC actions upheld by the Collins decision akin to the special conservatorship powers granted by SCOTUS?