Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

That's a great job by Joshua Rosner! It seems that UST incorrectly assumed that the Private Market would come back in and eventually have a bigger footprint in the Secondary Mortgage Market and the NWS would force Congress to decide the "future of the US Housing Secondary Finance Market".

10+ years later the GSES dominate the Secondary Mortgage Market in the US and the US Congress has no solution.

Worse, Lockhart, Demarco, Watt, Calabria, and now Thompson all say that they are "waiting for the US Congress to decide the future of the US Housing Secondary Mortgage Market".

The Status Quo seems almost unmovable when the Judicial, Executive, and Legislative Branch fail to act.