What does it take for Americans to understand that congress has mismanaged Fannie to a criminal degree? The Fannie board of directors ware appointed not for their experience in the mortage industry but for their political affiliation. Look them up. The Fannie CEO's lavish yearly bonuses were tied to Fannie making a profit so he allegedly cooked the books to show a fake profit while Fannie was dying. Frank Raines walked away with 90 Million in bonus money for three years work. The democrat in charge of the bankinbg committee said that he allowed Fannie to collapse because of "ideological blinders". The first thing republicans need to do when they gain the congressional majority on the 6th of January is to investigate the corruption thet led to Fannie Mae's collapse.
LMAO
Like the Republicans are going to seriously investigate the real cause of Fannie and Freddies problems.
That is nieve to the max.
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