FHFA Puppet Master Caught Lying To Congress About Write Downs

Fannie Mae backed principal reductions, internal documents show Jim Puzzanghera, LA Times Fannie Mae officials supported principal reductions for some struggling homeowners in 2009 and believed they would save taxpayer money, but a pilot program set to start a year later was abruptly canceled apparently for ideological reasons, according to internal documents obtained by two House Democrats. […]