Fannie Mae-No Politics (FNMA)

[Fuse78]

The gov loosened standards.... TBTF banks took advantage with blatant fraud...ie, the "Hustle"
Market crashed... Gov needed Fannie to bail everyone out... Then gov put them in cship with fraud accounting...
Gov (FHFA) sued banks on behalf of Fannie and garnered Billions in fines ( basically the banks were found guilty)...
Treasury took all that money into their corrupt slush fund and left taxpayers on the hook instead of using that money as a buffer for another market crash.
So the gov and TBTF banks were at fault....
Case closed.... Thanks for stopping by...