Fannie Mae-No Politics (FNMA)

[Donotunderstand]

We conclude the failures of credit rating agencies were essential cogs in the wheel of financial destruction.


For sure

As I recall - I objected to laying the blame on the effort to lend to the poor and lower middle and middle middle

For sure these Agencies which rated F and F paper and TBTF Private label mortgage securities were at minimum asleep at the wheel (housing will keep going up in price forever) or bought