Fannie Mae-No Politics (FNMA)

[mikoli007]

http://finance.yahoo.com/news/ben-bernanke-tried-refinance-mortgage-130900326.html

Well they got this right for once!

"We all know that the financial crisis that led to the Great Recession was caused by banks and lenders who issued mortgages to anyone who wanted to buy or refinance a home. They gave them away like candy on Halloween. "

So why blame FnF, it looks to me like they did their job and are now being punished for it!

http://www.bloomberg.com/news/2014-10-03/why-does-bernanke-want-mortgage-low-rates-and-tax-breaks.html
"As of Dec. 31, Bernanke had a 30-year loan with a 4.25 percent interest rate, according to a disclosure form he filed this year as he was leaving the Fed. He and his wife, Anna, took out that $672,000 loan in 2011 on their Capitol Hill rowhouse, which is assessed for tax purposes at $906,490.

With a net worth of $1.1 million to $2.3 million, income of $150,000 to $1.1 million from textbook royalties in 2013, the speaking fees he’s earned since leaving office and a book advance, Bernanke probably could pay off his mortgage and be debt-free.

Many of those assets, however, are held inside retirement accounts. At his age, Bernanke could withdraw them without penalty, though he would have to pay taxes and isn’t required to begin taking the money out until after age 70 1/2."

Something seems a little fishy about this whole thing, no that it matters.