I have been reading about this. Despite what the folks at “naked capitalism” say, Fannie Mae and Freddie Mac don’t appear to be directly under the control of the President.
www.fhfa.gov
Even though they went into conservatorship in 2008, they still have an independent board of directors that makes the decisions and reports to Congress, and they send their profits to Congress.
It doesn’t seem at all like a last-minute deal with Obama, and I cannot find any evidence of that… just the insinuation from the link you provided.
I also found it interesting that when I searched “obama Fannie Mae” I found dozens of right-wing sites with links about Obama using them to fund Obamacare…
It has been a difficult month for investors of Federal National Mortgage Assctn Fnni Me (OTC: FNMA ) and Federal Home Loan Mortgage Corp (OTC: FMCC ) investors. Shares of both Fannie Mae and Freddie Mac ...
finance.yahoo.com