Fannie Mae-No Politics (FNMA)

[navycmdr]

“And that’s why we had the Justice Department fight for buyers who were discriminated against or preyed upon, and we won a settlement that awarded more money to victims in one year than in the previous 23 years combined. (Applause.) That’s why we worked with states to force big banks to repay more than $50 billion to more than 1.5 million borrowers who had been treated wrongly — and that was the largest lending settlement in history. (Applause.) And that’s why I’ve called on Congress to wind down the government-backed companies known as Fannie Mae and Freddie Mac.” (No applause)

This statement is the American equivalent of jailing a rape victim for getting raped that we see in other countries.

Besides the obvious bizarreness of this statement I also want to add that the big banks ask were forced to pay
billions of dollars in settlements to Fannie and Freddie for all of the toxic mortgages they fraudulently dumped on them.

Whatever possessed someone, to put this line in the speech at this point, is beyond belief.

The fact that the President actually read it in that context is alarming to say the least.

the stupid gullible drones listening to him spewing lies and applauding