Fannie Mae-No Politics (FNMA)

[bcde]

"the FED - I thought worked on interest rates and the like

TARP for example was 100% Treasury - I believe

While in the background - foreground - the FED reduces interest rates - sends in money and buys bonds and the like - providing strong support to the economy"

Donotunderstand,

You have to read to understand sordid history of Fed. Fed is another legacy independent Gov agency far worse than FHFA in terms of accountability to elected Gov and people.

Fed is mostly controlled by private banks even though some may counter saying that private Banks also control the Federal, State, county and City Govs. Fed as Gov agency should be subject to same accountability standards as any other Gov agencies.