Fannie Mae-No Politics (FNMA)

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OB administration policy was to strip FnF of all their profits and assets and then give their business to Wall street financial establishment. One could see the blatant hypocrisy as well influence of Wall street in his Phoenix speech. OB said his administration is punishing FnF because of misdeeds of wall street banks.

OB did not know the difference between banks and mono line insurance companies.