Fannie Mae-No Politics (FNMA)

[bcde]

"During the housing boom of the 2000s and the crash in 2008, the GSEs were woefully undercapitalized. They were rescued by the federal government and placed into conservatorship with strict oversight by their regulator the Federal Housing Finance Agency (FHFA)."


The unscrupulous guys are peddling the same propaganda garbage.

The correct factual statement should have been.

Fraudulent mortgage lending, fake rating, and PLMBS securitization practices created 2008 financial crisis. Revolving door bureaucrats abused their power to exact revenge on their private rivals and turned the bad situation in to worse situation. They used this as an excuse to impose dictatorial and unaccountable conservatorship on adequately capitalized FnF (as certified by the Gov Regulators and confirmed TSY Sy and Fed chairman) and the only companies that were in good financial health, and this triggered the 2008 financial meltdown. In the last 13 years, fellow travelers used FHFA to destroy FnF using every unlawful means and but failed. FnF have remained as TINA model companies and have become most profitable companies with even more high quality assets.