Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I'm pretty sure TH said the other day that Fannie Mae and Freddie Mac management has said that the new book of business is not profitable enough to meet capital requirements.

Wasn't it giving mortgages to unqualified borrowers that helped usher in the Great Financial Crisis?

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Here, you'll love this quote:

"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." -- FDR, Inaugural Address, January 20, 1937.

FDR lived a life of abundance off the generosity of his Domineering Mom, William Randolph Hearst used his family's wealth to create businesses for the benefit of society:

https://www.pbs.org/wgbh/americanexperience/films/citizen-hearst/