Fannie Mae-No Politics (FNMA)

[kthomp19]

In plain English: The FHFA can do whatever it wants as long as it supposedly benefits the taxpayers.

Unfortunately, yes.

At least Guido has finally backed off the idiotic argument that the "public they serve" is FnF themselves.

By the way, writing-off the SPS "for free" does NOT benefit the taxpayers.

That's a different consideration. Writing off the senior prefs is something Treasury would do. Treasury never had a fiduciary duty to the companies or its shareholders.