Fannie Mae-No Politics (FNMA)

[mike_usa]

Anonymous reader commented on July 3, 2014 at 4:23 am on

http://timhoward717.com/2014/07/02/bill-to-keep-fannie-and-freddie-alive/#comments


It’s not too difficult to understand (as both Parties do) that to outright control F&F allows Direct Appointees to head these Enterprises and to break the Law and not recognize Shareholder rights as the Govt. continues to pillage the housing market is a (IMO) higher crime.

A total count needs to be made (include all Party Reps) so we know who we are to support in the next ballot.

Please keep in mind that Congress let Raines walk with bonus money – should he have been allowed to walk at all? Don’t even want to talk about the CEO of Countywide – do you?

Also, the fines on the Banks that perpetrated the so call ‘House of Cards’ only had to give back how much in percentage value of what was taken?

We need to set this right — restructure F&F. Do away with Political appointees and let them be Shareholder driven companies that each gives (both F&F) 10% of profits to a backstop fund that Treasury can manage. Of that fund, 2% can be allocated to community housing – that’s 20% easy cash — everyone wins. What’s wrong with that?