Replies to post #201729 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Is this from the Senate report


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,


Does the source explain why HUD would go gunning for F and F?

[Donotunderstand]

We conclude the failures of credit rating agencies were essential cogs in the wheel of financial destruction.


For sure

As I recall - I objected to laying the blame on the effort to lend to the poor and lower middle and middle middle

For sure these Agencies which rated F and F paper and TBTF Private label mortgage securities were at minimum asleep at the wheel (housing will keep going up in price forever) or bought