Fannie Mae-No Politics (FNMA)

[tutankhamen]

Agree, public sentiment will be at worst questioning why every other company got a loan and the GSE's got a stick in the eye. They were simply doing what they were told and had NO ability to refuse the loans coming in from the frausters. For this and their ability to backstop a full collapse of the housing market (which they did admirably), the Treasury is going to continue to extort money from them? I don't think so, there will be a comprimise bill in the next 16 months which will allow them to come out of c-ship with some face-saving regulatory changes. No way is the private market going to take over given the size of FNMA/FMCC...no way and nor would the American taxpayer want it to happen.