Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Why should the GSE's have to provide any fee for governments back stop? As anyone is aware, that's been here for awhile, the government created the GSE'S in the beginning to provide the 15 year, 20, year and 30 year mortgages that banks refused to finance/back stop. Once the government IPO'd Fannie, it was the governments responsibility to make sure that their guarantee was there to cover THEIR mandating how and what Fannie offered mortgage buying from the banks. That back stop has mostly only been needed to help out when the banks and mortgage lending places go rogue and screw up the system.

Now they try to turn the tables and use taxpayer muddy logic to explain to the population that taxpayers should not be on the hook for loses, yet government and their constant interference and protection of the big banksters is what drives those taxpayer losses. The government always wants their hands in the GSE cookie jar, so they should be paying the twins any fee, or shut the he'll up and provide the backing like they did for decades, before they made up this total farce of a conservatorship.