Fannie Mae-No Politics (FNMA)

[955]

Fannie Mae and Freddie Mac, didn't precipitate the housing bust. They weren't even the main issuers of faulty mortgages that imploded with the Great Recession. It was the federally-supervised commercial banks themselves that misrepresented many of the mortgages sold to Fannie and Freddie, thereby giving them the cover of AAA-rated assets, when they were much closer to junk bond quality.

http://m.huffpost.com/us/entry/5009851

This says it all. More correct to say, "federally-UNsupervised commercial banks themselves that misrepresented many of the mortgages sold to Fannie and Freddie"........