Wait until you read this PowerPoint presentation. I've seen something like this for a long time as it's your standard executive board briefing on the state of a business. And this one is actually very well done. And that is exactly the problem. The executives at FannieMae knew what they were doing and did it anyway.
Is anyone listening? Has our governmental and regulatory system gone insane? Are we becoming a puppet third-world society? Unfortunately, the evidence is adding up to one answer: Yes, yes and yes.
Here's the presentation.