Fannie Mae-No Politics (FNMA)

[chessmaster315]

Blackwell: Our Freedoms are being taken away.

Needless to say, many Americans are outraged to see laws being re-written midstream, whether in health care, taxes, immigration or in government grants to political cronies. They are discouraged to learn of the secret 2012 decision by the Treasury Department to confiscate the profits of the mortgage guarantors Fannie Mae and Freddie Mac. With that decision, the federal government thumbed its nose at transparency, flaunted the basic rule of law and property rights, and put the government deeper into the mortgage market. It moves our country in the opposite direction of where it should be headed.

I thank Mr. Blackwell for exposing the Administration's theft of funds.