Fannie Mae-No Politics (FNMA)

[401kobessive]

Here is the winddown of Sallie Mae aka privatization. Shareholders and bondholders got a 1:1 ratio. See link below or you can google "wind down of Sallie Mae".

So apparently Wind down in Fed speak means turn over to shareholders and get the heck out of dodge.

http://www.treasury.gov/about/organizational-structure/offices/Documents/SallieMaePrivatizationReport.pdf

If you replace the word Sallie with Fannie you could almost reuse this report. I love the last page, "the need to create a secondary market" Heard that one recently?