Replies to post #280001 on Fannie Mae-No Politics (FNMA)

[cw24cents]

Yes they all know the money has been repaid plus And even the first link on MarketWatch FNMA news states the the smaller December budget surplus for U.S. as F&F payments fall

[CatBirdSeat]

Yes, essentially, and all TX office's agreed that what was happening was clearly wrong. But, one said they could not interfere with the courts. One attorney staffer said the way is to privatize Fannie and Freddie (referring to Jeb Hensarling's PATH Act). I asked, so will we ("old" shareholders) retain our value/ownership, and basically all your doing is striping the GSE charters; answer Yes.

So basically, they would be like any other large publicly traded company, so if they ever fail government won't be there to save them (implicitly).

[chessmaster315]

Pretty much all (congress) admits fannie and freddie bailout has been repaid. The myth that taxpayers have not been repaid was started, mostly, by John Carney. His "15cent" fannie valuation makes the assumption that fannie and freddie owe to the government 110 percent of our income to the treasury as additional compensation for the Implict government guarntee on fannie mae loans. There is no government guarntee, just an "implied guarntee" that we are supposed to pay the government for the rest of our natural lives for.
While Carney's myth has been refuted, there are still "a few" who actually believe this myth, but none really can explain it.