How do you reconcile the fact that everyone who has written or spoken about the GSEs from FHFA and UST contradicts many of these points? And that many of these points require the government to just give up something they have for the benefit of shareholders?
RuudG, Thanks.
To answer your question "How does one recouncile?", one needs to understand why fnf were created in the first place and why fnf were privatised.
FnF were created as instruments of gov for the specific purpose of implementing gov policies. The intentions were never to profit from FnF but to help people and economy.
Even the conservatorship was imposed on FnF to further the gov policy of providing liquidity during crisis and never to profit from them. But crooks during Obama administration used the tricks or ruse of benefitting taxpayers to impose NWS and destroy FnF. If gov wants money there are millions ways it can get it, one of which is to create money out of nothing through central bank. Robbing FnF is one of the worst way to make money because FnF are public policy instruments or tools. This is one of the reasons why lawmakers will never do away with federal charter.
Besides who are these people who wants to continue robbing FnF. These are either wallsteet bankers, lobbyists, or politicians who are in the pockets of these people. No one can trust these people, especially wall street bankers, as all know that these greedy people caused 2008 crisis through fraudulent practices.
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