Fannie Mae-No Politics (FNMA)

[Bruce A Thompson]

Response to Senator Rubio

Everyone should contact his office and ask them to educate themselves.

Thank you for your response.

I have to say that you have been grossly misinformed as to the part FNMA played in the 2008 crisis. Your position, based on that misinformation, is going to cause major harm to the housing market and to the entire economy as well.

Fannie Mae has more than repaid in the amounts forced upon them by FHFA in full. FNMA was strong enough to pull through the crisis without being forced into conservatorship. FNMA would not have participated in the crisis at all if the regulators hadn't forced them to buy those risky loans against their will.

Economic bottom line: If there had not been a Fannie Mae, there would not have been a middle class.

Please have one of your staff read the following book and then ask them questions. www.amazon.com/Mortgage-Wars-Big-Money-Politics-Collapse/dp/0071821090/ref=sr_1_1?s=books&ie=UTF8&qid=1414238306&sr=1-1&keywords=mortgage+wars

Thank you for your time,

Bruce Thompson