Fannie Mae-No Politics (FNMA)

[jcromeenes]

Serious question here. The Conservator is supposed to have a duty to "Conserve and Preserve." Let's forget the history we all know here and assume this to be true. How is it they can give away billion$ to low income housing when their stated duty is to conserve and preserve. I would expect they should not be allowed, legally, to give ANY of that money away. Other than being the government that nationalized the GSEs, how do they get away with this?