Replies to post #95571 on Fannie Mae-No Politics (FNMA)

[Charlie1988]

No Problem. Just reading and putting the puzzle pieces together. Ill let you guys know if I find more info throughout the book that pertains to the housing bubble.

[Always wondering]

Great piece of research. Reiterates what we all know to be true. Nice post ;-)

[Always wondering]

Was golfing with the president of our local federal credit union and he is a FNMA stockholder as well. I didn't know this prior to our round. He was talking about MBS and blames congress mostly for the housing crash. He said that banks were pressured into bad lending practices and were basically told to unload them on FNMA. He bought in somewhere in the low 3 dollar range and is holding. He seemed a little worried about the pps now but not too much lol. Just a random comment :-)