Fannie Mae-No Politics (FNMA)

[NeoSunTzu]

It is a complete smoke screen that the government worries about taking political heat for releasing the GSEs back to shareholders. It's nothing more than a cover story for not doing the bidding of Wall Street and the financial establishment - that is where the real "political heat" would come from if Wall Street does not get their cut either through an offering of new shares, a large ownership slice, or some other slice of the market that the GSEs would do more effectively. In other words, when they talk about political heat they are really referring to Wall Street and the financial establishment. After all, did they worry about the polictical heat for bailing out Wall Street, the banking system, or for any of the bonuses they paid out, or for not demanding jail time for the financial criminals after the 2008 crisis? Washington politics is nothing more than a smoke screen - taking from the massess for the benefit of the financial elite.