Fannie Mae (FNMA)

[bcde]

What about BO?

This is BO's legacy.
As Wallstreet President, BO was part of Wall Street establishment that just bet against anything that is American. BO eschewed party ideologies when it came to betting against America or when it came to betting against FnF.

Obama called on Congress to wind down the Fannie Mae and Freddie Mac because Big Banks discriminated against or preyed upon or treated wrongly the buyers. It is unfortunate that as President BO did not know the difference between purely for profit Big Banks and FnF created for mainly for public policy purposes. US economy and US workers paid heavy price for these policies.


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Phoenix Speech:

"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."