Fannie Mae-No Politics (FNMA)

[Dallas66]

I believe the "original" plan for Fannie and Freddie was for them to be used as scapegoats for the banks' corruption. Then...as time went on and they accumulated more and more toxic loans from the banks, the political machines from both sides of the aisle would have plenty of "work" to do to try and remodel/remold/fix Fannie and Freddie over the next 10 - 15 years so the taxpayers would forget about who were really the bad guys in all this.

With Fannie and Freddie turning such huge profits and paying back...or at the point of being able to pay back all monies "borrowed" in a few short years...it caught both sides of the aisle with their hands in their pants....or the bankers pants...or each others pants.