Replies to post #217570 on Fannie Mae-No Politics (FNMA)

[thewhale]

Yea, Watt said something to the effect that the GSE's were in the enviable position of not having to build capital since the Treasury was there to bail them out.

[10bambam]

Yes there again the government is there to protect FnF. Why should share holders collect dividends. The savior is there to provide us all with homes.

[IL Padrino]

Mel Watt was given that position for one reason only: To protect Obama's cash cows so people don't realize how bad the economy really is. He's got all that extra income to work with. When Republicans get elected and FnF are released and the treasury loses that income, Dems can point the finger at Republicans.

Mel Watt the racist can go suck it.