Fannie Mae-No Politics (FNMA)

[Wise Man]

BOMBSHELL! Our negotiator clamps down on the gang that aims to pass a Conservatorship off as Nationalization.
Just calling it "Federal government conservatorship", so they act pretending that the guarantee fee that FnF charge, or the money sent to UST through CRT expenses (because these people might still be thinking that the purchase of SPS is a credit loss of the taxpayer, instead of obligations of FnF, as stated by representative Hensarling in early conservatorship. That's why the "CRT, to protect the taxpayer" of the Goldman Sachs alumni, Sandra Thompson. Illegal in the Charter's Credit Enhancement clause, by the way), is related to the bill HR1859 submitted to Congress on May 12, 2011, when this bill wasn't enacted into law, and thus, it died, as it contemplated a "Catastrophic Federal Guarantee on Federal Housing Finance Agency securities".
So, they sneak the word "Federal" in a conservatorship and see if it sticks.
Also the attempt by a NYT reporter stating in a talk-show: "Their name starts with Federal, no?", commented yesterday about this issue.
A conservatorship preserves their status as private shareholder-owned enterprises, so these attempts are futile.
Let alone, Sheila Bair that showed up as BOD chair in Fannie Mae pretending that FnF are included in the failed Resolution Trust Corporation (RTC), a 1989 scheme of Public-Private Partnerships with Wall Street, where the UST likely lost the $48.8 billion it invested in, with GAO (DeMarco) as the auditor, at the same time Sandra Thompson arrived to the FDIC as well ($30 billion through RefCorp obligations issued by Funding Corporation owned by the FHLBanks and $18.8 billion invested directly in RTC by law), because RTC was managed by the FDIC where Sheila Bair was president not so long ago. And, by the way, Sheila Bair took part of the conclave that made the decision of Conservatorship in FnF, according to a famous WSJ article published at the time ("top banking official"), which leads us to rule that her presence as FNMA BOD chair later on, is another aspect that puts the entire conservatorship into question (besides manufactured losses in FnF to justify the conservatorship with (G) LOSSES, etc.) and reinforces the view that these officials were desparate enough, amid taxpayer's losses, to carry out a Separate Account with FnF, similar to the 1989 Separate Account in the FHLBs, to achieve a different outcome that would save them in all their deeds since 1989 (Famous 2011 FHFA press release: "The FHLBanks fulfilled their obligation to pay interests", leaving the principal of the RefCorp obligation mentioned before, unpaid. So, it wanted to pass the RefCorp obligation off as an obligation to pay interests, knowing that it was Funding Corp the one that only had to pay interests, but its Equity holders (FHLBanks) had to pay down both interests and, with the excess, pay the principal of the RefCorp obligation at maturity through a Separate Account ("credit due to FHLBanks") with monies invested in zero coupon Treasury notes, so that the sum matches the principal of RefCorp at maturity. Playing with word "obligation" (a bond and also a requirement) to deceive the taxpayer, while attempting the seizure of FnF to make up for the losses prompted by mismanagement and lack of professionalism)
This was posted at the time on a blog tracking the Fanniegate scandal, just after the bill was submitted:

Likewise, they think that the Resecuritization fee worth 9.375 bps unveiled by Freddie Mac in 2022, commonly known as Catastrophic-Loss Reinsurance fee, is a kind of "Catastrophic Federal Guarantee on Federal Housing Finance Agency securities".
I knew that sooner or later the combo Pagliara-Guido would be exposed.

Pagliara:"Involved in every aspect(of #Fanniegate)at the highest levels"
His footman Guido tweets:"Govt consvtrshp".
Then "Federal consvtrshp" when Pagliara called him to post @MaxineWaters' slogan.
"I told you Federal govt consvtrshp,moron!"
MW,go-to person of chamber investors. https://t.co/WVwIAyipvx pic.twitter.com/iimCtwuuqK

— Conservatives against Trump (@CarlosVignote) November 8, 2023