Fannie Mae-No Politics (FNMA)

[big-yank]

So you think things would have been better if the government simply did nothing to rescue he economy? No bank rescue? No FnF bailout? No TARP?

Everything was fine, and all this intervention was unnecessary and fraudulent?

Well, when the TBTF banks failed and quit originating mortgages, which surely would have occurred, what was Fannie Mae's new mission supposed to be? Selling Girl Scout cookies? Saving the banks was the only way to conserve the GSEs and the housing market. These events that are railed against, ad nauseum, did not take place in a vacuum.

That is just simple reality.