Fannie Mae-No Politics (FNMA)

[navycmdr]

I reeeeeeeealy LIKED THIS PART ! ... lol

" Instead, FHFA, acting as conservator and regulator, and Treasury, acting as loan shark, took the unprecedented and unforeseeable move of placing the Companies into conservatorship, saddling them with largely unnecessary debt, using them parasitically to protect unrelated financial institutions, and then steering

all of the Companies’ profits to the Government's coffers

indefinitely and without regard for the debts imposed upon the

Companies by the Government itself - all at the expense of the

Companies' shareholders. Each of these acts, which were part of a

broad governmental scheme, had nothing to do with the statutorily-

defined purpose of a conservatorship - to preserve and conserve the

assets of an allegedly troubled institution - but were rather

orchestrated to serve a wholly unrelated purpose, namely creating

stability in the greater economy and providing Treasury with needed funds."