Fannie Mae-No Politics (FNMA)

[JGlen]

My guess is that Paulson needed someone to buy all the crappy private label mbs from the big banks, of course just a guess. I still want to know what happened in the room that night. You can’t just walk in and steal a company. So either the GSE’s were really in trouble or Paulson made deals, maybe threats, with the board of directors at the GSE’s. I’d love to hear the boards comments on this.