Fannie Mae-No Politics (FNMA)

[trunkmonk]

If GSEs were paying them to conserve and I was part of that program I would have fired them weeks after they started. oh yeah it was hostile and illegal takeover by angry politicians who hated GSEs. I get the part where the GSEs were lobbing congress all the time, I get the part where GSEs were forced to give bad loans to people with bad credit, I get the part where the Greenspan was incompetent and raised rates into the recession. But the part where GSEs were on the hook for all the mistakes of the Fed and Congress is not acceptable.