Fannie Mae-No Politics (FNMA)

[roockie]

10bambam, as you have taken the liberty to repost this article, I will allow myself to quote Obiter's reply to Riskychick's request for input regarding Treasury Undersecretary Mary Miller from the article:

Quote:
"Not much. She is out of the picture and taking a parting shot before she leaves in September, 2014. What she says counts for nothing much since she soon will have no responsibility or accountability at the US Treasury.

Treasury Undersecretary Mary Miller willfully ignores economic, financial, political and judicial reality. She speaks in empty sound bites to counter the smashing failure of the Administration supported CWJC; the increasingly louder call for call for GSE reform rather than elimination; the fact and growing recognition that TBTF banks deliberately wrote bad mortgage loans and misrepresented them; that the 500 billion in private capital needed to replace the GSE is not available; that legislative elimination of the GSEs will disrupt the fragile housing recovery; that the discovery process happening in the US Court of Federal Claims can show the self-dealing of the US Treasury of which she may have had a part.

To willfully ignore all of this demonstrates an ignorance of sound fiscal, ethical and social responsibility in favor of blind loyalty to failed fiscal policies, dismally designed legislative proposals and the President and his administration.

Source:
Treasury's Mary Miller To Step Down
http://online.wsj.com/articles/treasurys-mary-miller-to-step-down-1402586697

Ignorance
http://en.wikipedia.org/wiki/Ignorance
"