Fannie Mae-No Politics (FNMA)

[jog49]

"There would probably have been no need for the conservatorship and the need to buy all the bad loans held by TBTF banks."

But Hanky Panky Paulson, former head of Goldman Sachs, had ulterior motives and could easily sell his wishes to the bird brain George Bush without much effort. Thus, the "fall" of Fannie Mae and Freddie Mac.