Many people do not realize that senior executives at Fannie Mae received huge bonuses because F.M. was allegedly a “private” company.
Bill Clinton appointed Jamie Gorelick as Vice Chairman of Fannie Mae.
Gorelick worked for four years at F.M., and was paid $26.5 million!
Fannie Mae & Sallie Ma are GSEs
https://en.wikipedia.org/wiki/Government-sponsored_enterprise
Fools the rubes(voters) into thinking they are something legitimate with a legitimated needed function. Not just money troughs (which is what they are!) for the well connected political class!