Fannie Mae-No Politics (FNMA)

[Mikey Mike]

Those loans that you're describing are met with requirements of Fannie Mae and sold to Fannie Mae which in turn are repacked to investors. These loans are NOT a separate program which doesn't require input from the GSE's. So if those loans are making money, then Fannie Mae and it's shareholders are as well. Same applies with the risk. You can't add a drop of water without affecting the water that's already collected in the bucket.

These are very successful programs but they are a lot more like what your are describing.

Then you agree that investing in the GSE's are very safe and successful which offers programs that are respectively so.

Most of these people believe F&F are companies making tons of money while assuming no risk. It is the tax payer backing these loans not the owners of these companies.

It is the governments choice to take on the risk not shareholders, it is also the governments knowledge that these companies are very safe and successful that they choose to take on that risk. What government would back two giant companies that are failing and risk it all? Taxpayer as a reason? That's the reason the politicians and media wants you to know. The real reason is to siphon the money out of the GSE's to pay off government debts. Did you receive a check in the mail for the dividend payments from the GSE's? Why not?...your a TAXPAYER. Don't fall off the cliff because the guy next to you decides to.