Fannie Mae-No Politics (FNMA)

[MoneyRobot]

The TBTF Banks wanted the GSE to fail because that will cover up the bad loans they made which triggered the Financial Crisis. Luckily, like Maiden Lane I, II, and III, the GSE MBS ended up not losing money. AIG had to sell/spinoff their MBS/CDOs but GSE could hold because of being GSEs and eventually benefited from the turn around.

The TBTF banks only wants the FnF book of business if the gov continues to implicitly guarantee them thus giving them GSE attributes. The gov can never do that directly without backlash.