Fannie Mae-No Politics (FNMA)

[Wise Man]

THE CROOKED ANALYST BOVE MAKES UP THE U.S.HISTORY. He claims that the 1968 law of FNMA Privatization and in 1970, the charter of FMCC, came as a response to the period of riots on the streets, wars and social unrest at the time. This is a big lie because the law came as a response to the fact that the 1949 Housing Goals about the construction and rehabilitation of housing units was very difficult to achieve, and set a new target of 26 million of houses in 10 years. FMCC was chartered to compete with FNMA. There wasn't a problem of mortgage financing as FNMA was well funded by the mortgage servicers that were mandated to purchase JPS as a percentage of business sold to FNMA. He wants to link the current situation of social unrest to that period, in order to reinforce FnF, when what is needed is the opposite, revoke the charter so that new competitors can step in using their Common Securitization Platform.
More detail here.