Fannie Mae-No Politics (FNMA)

[DaJester]

Let's point out more nonsense:

In CBO’s assessment, Fannie Mae and Freddie Mac are effectively part of the federal government for two reasons.4 First, the FHFA gained operational control of the GSEs when it put them in conservatorships. That control was evident, for example, in March 2025, when the FHFA changed the membership of the GSEs’ boards of directors. Second, the federal government gained majority ownership of the GSEs when the Treasury acquired senior preferred shares in the enterprises—and warrants to buy their common shares in the future—in exchange for agreeing to maintain their solvency

1. Control and ownership are not the same thing. Conservatorship is by definition, temporary control of an otherwise private entity. It does not imply permanent ownership. Ownership was already defined in the CHARTER ACT.
2. Issuance of (non-voting) SPS does not remove the claim of Common shareholders ownership rights. They only introduce a new layer in liquidation preference. And Warrants are not an ownership claim unless they are exercised into Common. Common holders have the ownership.

Everything after this is already based on garbage CBO assumptions. Seriously, WTF? Did CBO pay an intern to write this crap?