Fannie Mae-No Politics (FNMA)

[DCBill]

My comment today on a Yahho business story, "Fact or Fiction: Congress Stole From Social Security and Should Return the Money It's Taken, With Interest" was rejected when I drew an analogy to the GSEs.

My comment;

The same principle--in spades or major greenbacks--applies to the Government's treatment of Fannie Mae and Freddie Mac, which--unlike no other financial service companies operating in the 2007 housing finance crisis-- sixteen years ago were put into "conservatorship"--where they are still--and required to give well over $300 Billion in company/shareholder profits to various Treasury departments.

Even when the SCOTUS got involved, it rendered one of the more tortured judgments against the mortgage plaintiffs ensuring the bizarre arrangement would continue.

Yet, Fannie and Freddie still exist, locked into this federal hellhole with their shareholders, both still backstop the US mortgage market, and both are still forced to pay billions annually to the federal fund, in addition to their full federal taxes