Perhaps, but why is he attacking the left's favorite institutions?
After all, Fannie is there to help the poor, right? If they weren't they would have to comply with SEC standards for transparency and the multiplier restrictions imposed on the banks.
But if its for the poor, we can close our eyes and ignore basic economics, what's a trillion in debt hedged with derivatives between friends?
Because they aren't HIS institutions. His goal is simple: he wants to be in charge of EVERYTHING.
4 years ago HUD already started doing this. Before that you could make some good deals picking up depressed housing from them, refurbishing and reselling but they quit letting the public have access to them and only sold to non profit groups that would rent to low cost or section 8 renters.
If this turns out to be the case the entire program over the last few years is being engineered the same way the depression was engineered through the stock market with the purpose then to steal the industrial capacity of the country and this time the real estate. That would explain La Rouche backing it.