Fannie Mae-No Politics (FNMA)

[tetondon]

Oh, I see.

Don't forget that HUD also increased F&F's requirement to buy sub-prime loans in 2004 because "they were falling behind the private lenders" (paraphrasing). I don't think that hurt F&F much, comparatively, because even the sub-prime loans F&F backed looked like AAA prime compared to the stinking liar loans coming from the likes of WaMu.

HUD, under collusion between government and banks to take down F&F, places FHA & F&F in direct competition with each other, banks with assistance of credit rating agencies (Moody's et al) flood housing market with bad NTM's,