Fannie Mae-No Politics (FNMA)

[Mikey Mike]

Now is not the time to study the root causes...now is the time to recapitalize and release. They know the GSE's weren't the cause of the crash. GSE's did their job of recovering the economy very well in a deep recession which was the reason why the GSE's were formed after the Great Depression...to prevent another depression. The government always wanted to take back the GSE's after it was sold to pay for the Vietnam war due to the immense profitability (it paid for one of the most costly war of all time, think about it)...this recession was the fine opportunity to do so...