[snowrip]

But in the 1990s, the company moved in a much riskier direction. Fannie Mae used its borrowing power to buy up mortgages and hold them, making a profit from the difference between the low price it paid to borrow the money and the higher interest rate it received on the mortgage. It was potentially profitable, but it had nothing to do with helping low- and middle-income people buy houses

But... but... but... the democrat party is the protector of the poor!

[antonia]

But in the 1990s, the company moved in a much riskier direction. Fannie Mae used its borrowing power to buy up mortgages and hold them, making a profit from the difference between the low price it paid to borrow the money and the higher interest rate it received on the mortgage. It was potentially profitable, but it had nothing to do with helping low- and middle-income people buy houses

But... but... but... the democrat party is the protector of the poor!

"The Clintons politicized Fanny Mae and Freddy Mac and created a monster. Yet another example why giving large amounts of money and power to politicians and bureaucrats almost always results in disaster" by by detective

"The perp list reads like a who's-who of the Clinton administration... Jamie Gorelick, Harold Ickes, Louis Freeh".by SpaceBar

"At some point citizens are going to have to come to grips with the fact that the Mafia has morphed into the Ivy League Mob".by mo