Fannie Mae is one of the Ponzi schemes created during the FDR New Deal, 1938. Nearly all of those in the FDR “brain trust” were not smart enough to understand that the success that they reasoned would come from such agencies was actually based on the pyramid. Since the Great, Depression...
Greenspan Hits Fannie Mae, Freddie Mac; Warns Rising Debts Will Hurt Economy
Raines Franklin D., “Speech by Franklin D. Raines Chairman and CEO of Fannie Mae, Fannie Mae and the Mortgage Industry in the E-Commerce Age,” May 8, 2000, 20 pgs., Fannie Mae, USA. Williams Michael, “Technology and Other Keys to the Boom in Refinancing,” American Banker, Apr....