Fannie Mae-No Politics (FNMA)

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While the GSEs didn’t back subprime mortgages, they bought subprime mortgage bonds for their investment portfolios. Those became worthless after home prices stopped gaining in 2006 and subprime foreclosures began spiking a year later.

WRONG! The GSE's were FORCED, through mandatory Bush era HUD quotas, to buy subprime crap against their wishes. Once again MSM chooses to deceptively leave out this important distinction. Source: FCIC Report.