Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

She's a politician now, and but a mere tool of the current administration. She talks the talk about "sustainable affordable housing lending", but are you really under the impression that the current administration will NOT subsidize "sustainable affordable housing lending" at the expense of the aggressive capital rebuild of her predecessor?

She has already cost the gses $2B to $3B by prematurely ending the adverse market fee. She looks poised to fork over another $15B to the financial establishment (no doubt for their endorsement of the new Queens upcoming SBC Confirmation hearing) via the money losing CRT program invented under Mel Watt. The multifamily landlords reporting rent payments to the big 3 credit reporting agencies cost money, Who do you think is subsidizing that?

She's just getting started and the MBA, NAR, NHBA, and a host of other industry players will be egging her on!

I think we all have learned a valuable lesson from this unfortunate investment, don't believe what the politicians SAY, watch what they DO!