Fannie Mae-No Politics (FNMA)

[kthomp19]

Straight from the Treasury Secretary’s mouth and the Federal Reserve Board with no reservations plainly stating the companies would be used to help prop up the housing market.

That is far different from the specific (and fallacious) accusation that Treasury forced FnF to buy toxic mortgages after conservatorship started.

The Federal Reserve’s program purchased MBS issued by the GSEs. Putting aside toxic or not the Treasury / Federal Reserve freely admitted the GSE's were used to help prop up the housing market.

So what? This doesn't prove Guido right, or prove Tim Howard wrong.



As an aside, anyone who bought shares after the conservatorships started really has no business criticizing the government for implementing the conservatorships to begin with. Had that not happened, such a low entry price point for the shares likely never would have happened, depriving the post-conservatorship shareholders of the chance to make lots of money. Talk about biting at the hand that would feed you!