Fannie Mae-No Politics (FNMA)

[Sogo]

My fear exactly. It seems like a very realistic way this gets "resolved", with a "narrative" spread so far and wide that it indeed ends up trumping the law and the evidence (really, no pun intended).

Many such narratives, built on misinterpretations and misrepresentations of facts, still dominate in other areas. Example: "The Civil War was fought over issue of slavery." That's just one example. Not to get into it, but that narrative is easily digestible, even though the true nature and causes of that war are more complicated than that, and some have argued slavery wasn't really even the main reason for the conflict. Yet ask anyone what that war was fought for. And you'll get the answer: "the GSEs caused the '08 crisis, were bailed out, then couldn't remain profitable and ended up costing the taxpayers billions, so they had to be shutdown."