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Corrupt Former Fannie Chief Escapes Serious Punishment

Started by cordblomquist · 10 months ago

As chairman and CEO of taxpayer-subsidized mortgage giant Fannie Mae, Franklin D. Raines promoted reckless lending policies that helped cause the housing bubble and mortgage crisis.   He also presided over a shocking, Enron-style accounting scandal, in which Fannie Mae ... Continue reading »

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  • What's crazy about that is there was relatively little news on the topic. I stumbled across something else very interesting today as well. Apparently, Fannie Mae is going to be eliminating their portfolio cap, which is the highest it's ever been right now by the way, completely in March. Any thoughts? I wrote a bit and you can check out the sources here: http://truthfullending.com/us-aaa-credit-rating...

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