Fannie Mae-No Politics (FNMA)

[DCBill]

Blame S. Lael Brainard (and likely Yellin) for this cash slaughter.
It certainly wasn't anything about the business or operations.
I am sure she heard from some financial services interests too, both of them, worried that the GSEs were getting some wind in their financial sales.
Of course, she couldn't offer a justification for leaving them in Conservatorship for the past 15+ years.