Replies to post #447203 on Fannie Mae-No Politics (FNMA)

[955]

Yep, remember it well.

Congress passed law allowing it insider trading.

First it was legal for them to do insider trading. Then in '12 I think it was, they passed a law making it NOT legal for them to do it anymore. It was an election year and it made congress look just slightly less criminal than it is. Then in early 2013, after they were all sworn into their new terms, they passed a law that once again ALLOWED them to do insider trading. It hasn't changed since.