Fannie Mae-No Politics (FNMA)

[tetondon]

Excellent post.

Politicians care little about F&F bringing in $10 billion a quarter. They want to be able to say "X wanted to kill these guys, and I saved them! VOTE FOR ME"

The thing is though, the Gov. is not greedy for money (they can print as much as they want). The governments interest is in HOW the money is made and WHO gets paid. The governments greed is for POWER, the ability to dictate situation and outcome.
As far as the government is concerned a "win" with fannie is simply the ability to say they made the right decision concerning fannie. They always have and always will control fannie… their stock ownership is irrelevant, they will give that up in a minute. It ain't about the money, it's about the power