Fannie Mae-No Politics (FNMA)

[10bambam]

Summary of the Truth (Edit 10/28/14 )Another Tim Howard post
This page was created following our post on October 18th entitled: “Keys to Victory: Simplify and Focus”. http://timhoward717.com/2014/10/18/keys-to-victory-simplify-and-focus/ and the comments accompanying it.
Essentially we decided that it was critical to provide an honest summary concerning Fannie Mae and Freddie mac. For the most part, the conversation involving Fannie and Freddie has been dominated by lies and misconceptions. Unfortunately, many of our elected leaders and once respected media outfits for a variety of motives have chosen to grossly distort the facts. Their reasons are simple; their ideological hatred towards Fannie and Freddie trumps the truth, to them the ends justify the means. This page will be ever evolving. We will begin by providing a short summary. This will be followed by a much more detailed accounting and a timeline feature. We have assembled an amazing team to assist us in this process to ensure that our summary is accurate. It is critical that America know the truth about what has transpired regarding these two great American Institutions.

Edit 10/28/14
We have been working on the initial short summary but decided tonight that it will be best to start with one item at a time. Rather than try and tackle numerous key points this will enable us to focus on each one exclusively to get plenty of relevant data assembled to support it. We are going to start with “Fannie and Freddie did not cause the housing crisis.” I offer this article by Barry Ritholtz to kick this off. He offers a nice simple explanation backed up with some very informative charts. Over the next few days I hope to turn this into our first key point in the “Summary of Truth”

http://www.ritholtz.com/blog/2011/11/examining-the-big-lie-how-the-facts-of-the-economic-crisis-stack-up/

http://timhoward717.com/summary-of-the-truth/