Fannie Mae: the implied story, Part 4: Turbocharging the balance sheet
[For the introduction, see Part 1.]
[For previous installments, see Parts 2 and 3.]
[Quotes in green are from the OFHEO report (full document, .pdf), on which Fannie Mae declined to comment. Sentences are occasionally reformatted (bullets, boldface emphasis, inconsequential brief elisions) for clarity.]
Thus we have established OFHEO’s perspective that (1) under Mr. Raines, [...]
