Charticle: Fannie Mae’s revolving door

By Conn Carroll

Published January 5, 2012 5:00am ET

Charticle: Fannie Mae’s revolving door — Fannie Mae was a leading advocate of the loose-lending policies that led to the Great Recession of 2008. Thanks to its implicit government guarantee, Fannie Mae aggressively promoted the sub-prime mortgages that resulted, especially in its relationship with the now-bankrupt Countrywide Financial. As this Venn diagram from Geke.us shows, the present and former Democratic presidential […]

Fannie Mae was a leading advocate of the loose-lending policies that led to the Great Recession of 2008. Thanks to its implicit government guarantee, Fannie Mae aggressively promoted the sub-prime mortgages that resulted, especially in its relationship with the now-bankrupt Countrywide Financial. As this Venn diagram from Geke.us shows, the present and former Democratic presidential administrations were filed with former and future Fannie Mae officers and employees.