Replies to post #227492 on Fannie Mae-No Politics (FNMA)

[10thMountain]

Healthcare was a hidden nationalization (Obamacare).....Education is a hidden nationalization (Common Core)....and now the GSE's......Nobody has been able to stop the nationalization of healthcare and public education....so what makes us think that this can be stopped? Just food for thought...

[mikoli007]

Thanks Obi for being so helpful……statements like this baffle me

"Lockhart went first. He took Fannie Mae through a long, detailed presentation, citing one regulatory infraction after another. Most didn't amount to much, frankly; they were more like parking tickets in the scheme of things."

or

"Fannie could be arrogant, even pompous, but Mudd had become CEO after a messy accounting scandal and had been reasonably cooperative as he tried to clean things up."

It is a non emotional entity. Only the people in control could be that way, no big deal though.

So the FHFA was established in July of 2008 and took over FnF September 2008.