Fannie Mae (FNMA)

[Red Captain]

Not in any standard definition of the word.

I suppose this has to do with the anglo-american ideological conflation of government regulations and programmes with socialism.

The difference is important here because if indeed the government was attempting a socialist programme it is unlikely that they would be simply eating up a bunch of profits from what are essentially mortgage insurance agencies. Rather it would have seized them outright, and moreover abolished competition in such markets.

The path that is being followed with respect FNMA by the us government is simply dysfunctional. It is not reflective of one coherent programme or another, but rather by piecemeal contradictory aimlessness.