Fannie Mae-No Politics (FNMA)

[bmp152]

To eventually liquidate them I suppose, or at least ensure that FnF could never dominate the mortgage finance market again. It's almost as if the SPSA 3rd amendment was written with expectation that FnF would never fully recover from the recession. Ironically, it was enacted just before FnF became very profitable. The timing just doesn't make sense, but somebody was either very wise or very foolish with the deal making. I think there's a case to be made both ways.