Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The problem we and other people have is: (1) A majority of Americans believe Fannie Mae is a candy company (when you refinanced at NFCU, I bet they never even mentioned Fannie Mae) (2) Most people know someone who lost their home or was financially wounded from the GFC and their seems to be a general incorrect belief that the twins were somehow culpable (3) People rarely send their Mortgage banker a Christmas card (4) People have heard that the twins received $187B in "bailout funds" and really don't understand that Hank Paulson and the UST had really orchestrated a Nationalization. Remember, Chief Justice Roberts, "Seems to me the government threw you're clients a lifeline.."

So when Tim Pagliara does these 30 or 60 minute interviews, he spends quite a bit of it simply educating everyone about what it is exactly that the twins do, how the MBS market works, and why it is necessary and how it benefits the average Jane and Joe American homebuyers.

But slowly and surely the truth eventually prevails!