Fannie Mae-No Politics (FNMA)

[feralcomprehension]

Wow, the blinders are, well... blinding.

"Fannie and Freddie failed in 2008..." Well, actually, they were sold billions of dollars of crap loans by the TBTF banks and then, thru subjective accounting practices, forced to borrow far more than was justified.

"...the government negotiated a deal that allowed it to ultimately take all of the profits of the companies." That's not how I remember it. First, there really wasn't any negotiation (see the Perry lawsuit for details, gentlemen) and second, taking all the profits was certainly not on the table in 2008.

"...this deal seems fair to us... those of us in government should stand firmly with the American taxpayer rather than renegotiate the agreement."

I'm glad it 'seems' fair to you; it 'seems' like a stinking pile of garbage to me. Didn't those of you in government 'renegotiate' in 2012? Does that also 'seem' fair, despite the fact that action was completely inconsistent with the stated goals of conservatorship?

Y'all need to recalibrate your fairness detectors, and while you're doing that, check your facts as your fundamental premises are badly flawed.