Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

That's the main reason why LBJ took Fannie Mae off the Feds Balance Sheet to begin with and privatized Fannie Mae in 1968. 2 years later Freddie Mac was created to compete with Fannie Mae.

It's about $7T+ today in MBS that the Feds would have to EXPLICITLY GUARANTEE. The Implicit Federal Guarantee with Private Capital in a 1st Loss Position works, why not reduce the Capital Ratio and Recap and Release?

Isn't that what HERA says to do?