Replies to post #448972 on Fannie Mae-No Politics (FNMA)

[navycmdr]

This Idiot doesn't even know ..
the GSEs DON'T WRITE MORTGAGES ..

As Fannie Mae and Freddie Mac had written most of those mortgages, their own financial resources came to an end. This was compounded because of the hundreds of thousands of homes hitting the market all over America. The homes being foreclosed could not be sold, leading to even greater falls in house price values - even more unemployment.

[navycmdr]

[cfljmljfl]

A hit piece with lots of over statements and misleading statement of facts. The set up to influence SC and public ?