Fannie Mae-No Politics (FNMA)

[Demar]

"Lets remind ourselves, this begin with predatory lenders out there marketing products that borrowers could not afford. Fannie and Freddie were never bottom feeders. They had some Alt-A, they had some subprime, but nothing to the extent these other institutions had. That's where the problem lay."

Chris Dodd, Former Senator from Connecticut @ 1:15:10

From July 15, 2008 Senate Banking Hearing with Hank Paulson & Ben Bernanke