Fannie Mae-No Politics (FNMA)

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"Housing prices could come down later if preferences change, Williams said, but there is less credit risk in the housing markets and banks are better prepared to handle that kind of shift than they were before the Great Recession."

2008 financial crisis happened mainly because of various types of frauds starting from lending to PLMBS. The crisis was amplified and exacerbated by the revolving door bureaucrats to take revenge on their rivals. Imposing conservatorship on FnF was the worst of these decisions that ultimately resulted in total financial meltdown worldwide.

Basically revolving door bureaucrats used vast Gov powers and deep pockets to decide who will be the winners and the losers. This is worst form of abuse of Gov power and funds.