Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Yes, 2008 Financial Crisis was by design and intentional to justify placing Fannie & Freddie in a fraudulent CONceivership

I really think the proliferation of the PLMBS leading up to the 2008 Great Financial Crisis was simply the banks and other financial intermediaries looking for increased opportunities to expand profits and executives looking to hit increasing quarterly earnings projections to get juicy stock bonuses coupled with Greenspan's long reign at the Fed and his Libertarian approach to "the markets know best" and lax regulation of the PLMBS Secondary Mortgage Market.

Throw in the "if you've got a pulse, you've got a mortgage" and that's a classic real estate bubble and subsequent cyclical housing market crash.

But no question that the TBTF banks and other financial intermediaries wanted Fannie Mae and Freddie Mac's biz model and were always looking to capture some of that business but couldn't compete with their implicit federal government guarantee.