Replies to post #466034 on Fannie Mae (FNMA)

[DumbDumberDumbest]

The Conservatorship is to blame.It allows Watt to contravene the Charter.
"Take any action....."
This is why FnF are doing activities like CRT, lending to corporations, selling loans at a loss to Goldman Sach and Co, the Municipalities launch a FMCC's program as if it was theirs, etc.

How can any one expand fnf mission without gse act allowing it?

[bcde]

Does any one know why SM is giving a warning in congress rather than call Mel and tell him?