Fannie Mae-No Politics (FNMA)

[jeddiemack]

Why do people continue with being uneducated..

This is 100% wrong... yet a statement...or a narrative continually being repeated...

The background is that in that 2007/8 period both Fannie Mae and Freddie Mac went,
effectively, bust. That’s sad and all that. But both the Federals and private shareholders
recapitalized them both.

Fact is fannie and freddie were never undercapitalized and never cash flow negative from operations throughout the financial crisis.

Sure they took a hit; but their losses were so small they easily skated thru it.

Had government not been there to load them with bad debt and excess reserves... we'd be at $300 a share right now. That is what the government has taken.