Fannie Mae-No Politics (FNMA)

[FOFreddie]

New Report About the GSEs:

https://www.glenbradford.com/category/uncategorized/

This excerpt below is obviously not true - the GWB Admin had planned to Nationalize the GSEs as early as March 2008. :

"However, the legislation authorizing its creation, the
Housing and Economic Recovery Act, would not pass until
July 2008, in the middle of the world’s most devastating
financial crisis in decades. While in Beijing for the 2008
Summer Olympic Games, Paulson learned that “Russian
officials had made a top-level approach to the Chinese suggesting that together they might sell big chunks of their GSE
holdings to force the U.S. to use its emergency authorities
to prop up those companies. The Chinese had declined to go
along with the disruptive scheme, but the report was deeply
troubling — heavy selling could create a sudden loss of confidence in the GSEs and shake the capital markets.”3

The emails and Memos show that there was a clear plan to Nationalize in March - not some fear that the Chinese were going to sell MBS

https://fcic-static.law.stanford.edu/cdn_media/fcic-testimony/2007-2008_Fannie_Mae_Timeline_and_Supporting_Documents.pdf