Fannie Mae-No Politics (FNMA)

[jog49]

During the sub-prime era, every Fannie Mae & Freddie Mac prospectus read in bold, all-caps letters: "The certificates and payments of principal and interest on the certificates are not guaranteed by the United States, and do not constitute a debt or obligation of the United States or any of its agencies or instrumentalities other than Fannie Mae."

And they still don't...........