Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Problem is Skeptic7 has been right all along! My friend who I had lunch with today, incorrectly said pretty much what Lamberth said and people just want to believe that the twins caused the Great Financial Crisis no matter any evidence to the contrary or how much the GSE's vacuumed up and put on their books all these toxic sub prime mortgages to alleviate the depths of the GFC by being a buyer of last resort and creating and supporting the Secondary Mortgage Market.

But the issue here, is, did the FHFA, Acting in its Capacity as Conservator, Breach the Shareholders Implicit Contract of Fair Dealing when it implemented the Net Worth Swipe!