Fannie Mae-No Politics (FNMA)

[Pecker9Wood]

Considering it was forced on them, who at that time would take a loan at 10%. Wish I could get that. What happen to the cash the companies had on books? What happen to tax rules for taking tax write offs on loss on the assets of those loans. Why should they been concerned about those loans rated so high? Don't loans include that ability to be paid off over a period of time? If banks don't loan to bad risks then how is it the government accepts one to two entities with trillions of dollars of assets that they should have counted on their books. And the one that blows my mine is that they been profitable the whole time. Damm bulls and mob bosses if you ask me.