Fannie Mae-No Politics (FNMA)

[Donotunderstand]

sheer nonsense

they bought those for investments !!!!

they did not insure them etc. but held them as they took a 25-35% haircut on a mark to market (non cash) basis

You would need to have been a fly on the wall

You say to meet … housing goals - based on a ton of articles

I say - based on a ton of articles over all the intervening years - that F and F had profits and invested their profits in junk paper

Dumb and Dumber for a company doing well to invest in the worst part of the same industry -- reason --- profit - bonuses - golden parachutes