Fannie Mae-No Politics (FNMA)

[bcde]

"Quote from Mnuchin
" An explicit guarantee that the U.S. Treasury stands behind Fannie and Freddie is the single thing that can dispel completely fears of disruption in the housing finance market. As we noted in our earlier story on Fannie Mae, these two GSEs combined hold about one-third of the nation’s $16 trillion mortgage debt. Failure is not an option."
"

Can anyone trust these Pinocchios from wall street?

FnF worked very well as private companies without any Gov support for decades before forced conservatorship by Pinocchios from wall street.

What is needed, adherence to rule of law, openness, and transparency.