Replies to post #735828 on Fannie Mae-No Politics (FNMA)

[jog49]

ABSOLUTELY GREAT ARTICLE WRITTEN BY MATT TAIBBI in Rolling Stone Magazine!!!!!

Every of the 535 members of Congress ought to read it and then look at all the egg on their faces in a mirror for letting this situation belly flop on the ground.

[955]

They had gone bust during the crash years for a variety of reasons, mostly due to incompetent and corrupt management.

Not true. First and foremost, the GSE's had NOT gone bust except by FRAUDULENT FHFA directed Delloite and Touche 'accounting' practices. Secondly, GSE's were forced by HUD to buy up sub-prime, alt-A, no-doc crap that comprised over half of their MBS purchases in the lead-up to the '08 crisis through highly politicized and misled Gov 'Homes For All' policies. A well thought out plan and hostile take over heist of the GSE's. It was A STICK-UP. Yet another half-truth, bought off media hack piece.