Fannie Mae-No Politics (FNMA)

[jeddiemack]

Delusional.

1. the conservator ship was never approved by the board of directors - in the normal course of business without undue influence. You'd have to call your self stupid if you thought otherwise.

2. Fannie and Freddie would have survived just fine had they no been invaded. Remember, if you can that both were the ONLY game in town to do ANY financing support of the housing market. They were near monopolies with plenty of cash and ability to finance their business.

The problem was they needed to grow and grow rapidly to absorb all of the private market leaving the market.

You are a historical revisionist. Next you are going to say something really insane like Carter was a good president and interest rates were naturally going to be 16%+ - as predicted by the writing of Friedman.

3. You weren't listening at the time of the coup. If you had you would have heard it. Things were moving really fast and everyone wast postulating who would fail next. There was a lot of "short selling" and pushing companies into the crapper for no reason. CBS for example got down to $3 a share. It was a lot of ... If "California suffers another hurricane and Disney closes all its parks"... " its gonna file for bankruptcy" and all anyone heard was "disney is gonna file bankruptcy" most became self fulfilling prophecies without any cause or real reason. Case in point were Wachovia for example.

4. Wrong is wrong. Regardless. I can't comment on your justification for legitimacy, "no one complained" to say it was right; when in reality people like me did complain; did state the truth and were appalled.

5. I 100% disagree with you on your last statement. I think the warrant were taken. Looted and became ill gotten gains of a theft. I think it all stinks with lots of rot. I think in order to fix it you have to get back to the bone and clean house. There is and was no cause to do what was done. The government cut off limbs and amputated arms to fix a nose bleed.

But are happy because they "saved" the patient. But destroyed them in the process.

The evil here are the evil doers. Not Fannie and Freddie.

But keep writing wrongs and people like me will set the record straight as I have with your ramblings and as well with a few others on here.