Replies to post #259785 on Fannie Mae-No Politics (FNMA)

[955]

Nice refute.

Response to Senator Rubio

Everyone should contact his office and ask them to educate themselves.

Thank you for your response.

I have to say that you have been grossly misinformed as to the part FNMA played in the 2008 crisis. Your position, based on that misinformation, is going to cause major harm to the housing market and to the entire economy as well.

Fannie Mae has more than repaid in the amounts forced upon them by FHFA in full. FNMA was strong enough to pull through the crisis without being forced into conservatorship. FNMA would not have participated in the crisis at all if the regulators hadn't forced them to buy those risky loans against their will.

Economic bottom line: If there had not been a Fannie Mae, there would not have been a middle class.

Please have one of your staff read the following book and then ask them questions. www.amazon.com/Mortgage-Wars-Big-Money-Politics-Collapse/dp/0071821090/ref=sr_1_1?s=books&ie=UTF8&qid=1414238306&sr=1-1&keywords=mortgage+wars

Thank you for your time,

Bruce Thompson

[detearing]

Great post...we all should say something like that to everyone all the time to everyone. FnF

[Dollars1]

Nice response Bruce. I would also ask him, who helped turn around the housing crisis, in Florida? What role did Fannie, Freddie play in turning foreclosures, short sales, etc.? Has he met with the top producing owner/brokers of real estate companies in his district? What do they think of Fannie, Freddie? They will probably say, they are their biggest customer and very efficient and reliable. Housing is the key to the turnaround of our economy, what has he done?