Fannie Mae-No Politics (FNMA)

[Freddie bagholder]

Idiot Mulo is probably talking about Deese who was at NEC not treasury, not sure he could be at treasury before that.
Here is the full story and Ted is a big asshole

One interesting rumor making the rounds over the weekend centered on a former Treasury official in the Obama White House promoting the idea of taking Fannie Mae and Freddie Mac out of conservatorship so they can start building up their MBS portfolios (once again) to achieve a mission all mortgage bankers could support: lowering mortgage rates…

We spoke with some industry observers about the concept, including former Ginnie Mae President Ted Tozer, who offered up this thought: Why bother going the take-them-out-of-conservatorship route and just have Federal Housing Finance Agency Director Sandra Thompson order Fannie and Freddie to increase their MBS holdings? Tozer noted: Think of the “arbitrage” the two could make using government funding…