Fannie/Freddie Politics Board (Politics Allowed~Non-Moderated)

[955]

RICO damages for sure.

It's controlling narrative quotes like these that relentlessly paint F&F as the cause of the 2008 financial crisis that get me angry.

A framework should be established for Fannie and Freddie to operate as a true utility – balancing their critical mission of affordable homeownership and rental housing loans with financial and operational guardrails, so they don’t go off the cliff again like they did in 2008.

Root Cause: Affordable Housing Goals, i.e., destructive "Homes For All" policies courtesy Maxine Waters/Sherrod Brown. And so the false narrative continues.

FHFA should not allow the GSEs to pursue risky loans like they did pre-conservatorship with no doc, no income loans.

https://www.housingwire.com/articles/ending-the-fannie-freddie-conservatorships/

It was TBTF banks that issued the risky loans, NOT the GSE's. GSE's were ordered to sweep these junk loans off the market. TBTF banks under criminal direction of Gov that led to highly irresponsible lending practices and for what purpose? To transfer wealth from taxpayers via lost savings and TARP to bail out TBTF banks which more than doubled in size post 2008. It was a blatant attack on personal wealth for the benefit of TBTF banks and increased big Gov control over the people. Highly redacted court documents and executive privilege restricting document release prevent this truth from getting out and continue to plague us to this day. Massive cover-up in the courts and Congress plain and simple. All 3 branches of Gov in on it.