Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I've said it a million times, BOTH PARTIES ARE EQUAL OPPORTUNITY HATERS OF THE GSES! The R's think it's horrible that da gubmint is involved in private lending (but let's ignore the race to the bottom in both loan pricing and quality we just saw from the PLS causing the GFC!) And the D's think that they should be a part of the federal government so they can be utilized more effectively for their low and moderate income housing aspirations! And here we are! The funniest part is that FDR created them and LBJ privatized them. It worked brilliantly for close to 5 decades until the private sector started issuing garbage PLS.