Replies to post #311520 on Fannie Mae-No Politics (FNMA)

[955]

Couldn't be further from the truth. Subprime, alt-a and other unsustainable products were the result of GOV/HUD mandated Affordable Housing Goals that the GSE's were FORCED to meet to satisfy Clinton Administration/Barney Frank "Homes For All" policies, NOT bad decision making by the GSE's. More lies being spread to support the false premise that the GSE's were to blame for the crisis and put shareholders in a bad light.

David H. Stevens, President and CEO, Mortgage Bankers Association. That should be a clue to his motives.

As shareholder-owned, private companies, the relentless drive for returns and to compete fueled all sorts of bad decision making, which fed their massive portfolios with subprime, alt-a, and other unsustainable products.

In the end, the drive to benefit shareholders and to compete with other market players was paid for by taxpayers when the government was forced to bail them out.

[Patswil]

I’ll explain more later, this is a fall back position, they do this when they know defeat is inevitable.-----timhoward717said:August 22, 2015 at 9:23 pm


http://timhoward717.com/2015/08/13/titanic-consequences-if-obama-defies-black-americagovernment-running-out-of-places-to-hide/#comments

[Dollars1]

This is the first time, finally, that I have seen, where he has brought up his involvement with Freddie Mac. He seems to brag about his breakfasts in the West Wing. He was appointed by Obama to his previous position at HUD. I've never heard one word about him being concerned about shareholders. Maybe someone here has?

[navycmdr]

David Sterns on BLOOMBERG supporting Johnson Crapo Bill

to "wind down" the GSEs ... He's a LIAR about always wanting to reform them

http://www.bloomberg.com/news/videos/b/7a7163e5-63b2-4171-ab4b-0f3dad0de841

[Donotunderstand]

Navy

Will return to what likely is a balanced article

The MBA do they tend to represent all banks? the BIG BOYS - or as I tend to think the 1000s of non TBTF banks?

Anyone?