Replies to post #329366 on Fannie Mae-No Politics (FNMA)

[mike_usa]

Anonymous on February 17, 2016 at 10:57 pm on www.timhoward717.com

Only defense seems to be “taxpayers took big risk investing in FnF and taxpayers need to be compensated with pound of flesh “.

The idea is directly comes from Shakespeare’s Merchant of Venice, 1596.
‘SHYLOCK: The pound of flesh which I demand of him is dearly bought, ’tis mine, and I will have it.”

To begin with, all out big cash bailouts were never required. It was all big show.

The truth was many Big Banks including MS and GS needed large bailouts.
But Hank forced cash bailouts on all banks, despite protests from many Bank CEOs (like JPM, WFC). Hank told them if they do not take the cash bailout now he will not help them if they ever need help in future. It was forced help to protect few privileged ones.

Does any one know why Hank forced very large cash bailouts on FnF?
Hank forced large cash bailouts on FnF just to make Big Banks look better than FnF.

But FnF never needed any bailouts. But it was all smoke and mirrors needed to make FnF look like big bad companies which caused 2008 crisis. If this was not done then who would have looked bad? Big banks which needed big bailouts.

It was well thought strategy to redirect the blame to FnF.

Shareholders need to focus on these points to expose the myth that ” FnF needed big bailouts, and taxpayers took big risk investing in FnF”.