Fannie Mae-No Politics (FNMA)

[jog49]

"In a Q&A session following his remarks, Calabria said that the administration is also forming a group to determine the best way forward for Fannie Mae and Freddie Mac. “Our objective is ‘never again,’” he said. “We don’t want to be in a situation where we have to put tens of billions [of dollars] into these entities or their successors. "

Sounds like to me that Calabria does NOT know the entire story about how Fannie and Freddie arrived at the predicament they currently find themselves. In fact, I think very few know the whole story, as Paul Harvey would have said. And condoning the NWS, which came about as a form of nationalization of Fannie and Freddie well............I am just at a loss for words how the US government has allowed this illegal act to drag on for more than four years!