Replies to post #769105 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

F and F do not create mortgages

they bundle mortgages they buy from banks and then sell the bundles and take risk

so please decide between 1 and 2 below as they do not exist at same time

1. F and F --- for 1,000,000 reasons was the cause of the crash and meltdown AND GOV NEEDED TO INTERVENE as F and F were about to take us all down !!
(which is a canard 100 times over) And one of those reasons for F and F doing so poorly is all that massive overwhelming socialist and liberal pro Black and Brown racism and bias

or

2. F and F - were the scapegoat for the TBTF banks and Lehman and MS and ML and others. In the case of the banks it was not their customers but the result of the greedy insane and ugly decisions and risks done by the CEOs. F and F - taken over by Paulson and Bush were then forced to eat the Bank losses. On their own GSE MBS paper the GSEs had the best - lowest loss ratio of anyone . - period. And if you believe #2 which is the reality - then all those liberal and progressive and whatever you call them programs were tiny and insignificant or how did F and F do the best and since then make a funking fortune

Choose - you can not have it both ways ---- either F and F performed well or did not . And we know they performed amazingly well - which is not possible if they packaged and insured tons and tons of minority based loans taken out by minorities favoring those millions of loans over loans to good old white men. . Choose. And keep in mind the writers of that 11 page letter have done zero - nothing - about the greatest steal ... nothing. But if they can score points with the far right by attacking programs that try to help WORKING but lower income folk --- they get 100 attack dogs and 11 page letters . Fakers ---- misdirection away from the BIG FAT CATS that still control R