Fannie Mae-No Politics (FNMA)

[955]

The main reason for the shaky finances that prompted the takeovers were investments in private-label subprime mortgage bonds, containing loans that didn’t qualify to be backed by the two companies but were bought as a way to fulfill their Congressional mandate to invest in affordable housing.

https://www.housingwire.com/articles/fhfa-names-advisor-for-massive-ipo-of-fannie-mae-and-freddie-mac/


AFFORDABLE HOUSING GOAL MANDATE!!! Fannie & Freddie were FORCED BY CONGRESS to buy junk subprime, alt-A, no-doc CRAP. There it is in black and white. Isn't that exactly what I've been saying all along??? DNU, you own me an apology, you were dead WRONG! THIS is what caused the financial crisis of 2008!!! POLITICALLY MOTIVATED AFFORDABLE HOUSING GOAL MANDATE initiated by CLINTON ADMIN, continued with BUSH ADMIN and mopped up with OBAMA ADMIN. Where's the accountability???

GIVE BACK OUR STOLEN DIVIDENDS, WARRANTS AND SHARES, RESTORE OUR BOD's AND POSITION ON NYSE NOW!!! RICO!!!