Dingle-uck, you are missing the most the fact the government didn't have the right to seize private property. See that is protected by the constitution. Their policies put FNMA in this position in the first place and they knew FNMA was about to become very profitiable. They caused the subprime fiasco and are perpetuating the subprime lending, because that is how liberals stay in power. The transfer wealth through quasi federal, taxpayer backed GSEs. They essentially turned FNMA into a TItle 8 housing fund. See that is what happened. everyone know that now and if NBC, CBS, ABC CNN weren't protecting these liberals and what masterminded, FNMA would already be free from conservatorship.
American I think that Washington believes their taxpayers are idiots. So we keep FNMA hostage to the treasury so it doesn't get itself into any more trouble, but FNMA itself approves underwriting 3% down mortgages from Well Fargo. Right, FNMA needs wound down. Are you kidding me, this is still the most exploited pile of US taxpayer based capital ever created. Face it, the real powers in America want to keep the economy on crack, it can only do that by perpetuating a willing compost pile for all the #$%$ that needs to be sold. FNMA is another social experiment that got bilked, and is still being bilked by irresponsible politicians.