Fannie Mae-No Politics (FNMA)

[imtheshadow]

Rek and Bull, 2 things ... 1) as lending standards "relaxed", new home construction climbed from 1M units per year in 1991 to 2M in 2006 - and the 2M/yr rate was 33% higher than the 1.5M average over the preceding 38 years. Lenders AND builders together created WAY too much supply ... uh oh, look out below. And 2) if the rating agencies had done their jobs in the first place, we may not have had the 2008 crisis.

Still hoping for a judicial miracle as it seems wall street (aka the administration and congress) are hell bent on the demise of FnF.

Cheers