Fannie Mae-No Politics (FNMA)

[kid biscuit]

I've been thinking about this subject for weeks, and that they wouldn't, but when push comes to shove they may agree, just to not risk being labeled as supporting non american views. This is a big issue at stake and much more than FNMA. It's all about corruption. The very thing that caused the collapse of FNMA in the 1st place was senators, and congress allowing themselves to be corrupted by lobbyist to vote for that a bill that allowed people on welfare to buy 1/2 million $ homes knowing full well that the interest free mortgage payments would end in 24 months and they all would have to start paying interest with the loan payments which none could afford... (all about kickbacks in the banking community). So now that the very party that voted for the demise of FNMA would want to continue to use it as a govt. cash cow instead of giving it back to stockholders even after taking tens of billions of profits for the spending plans they promoted. Even in a BK reorganization, once the debt has been paid back the company or entity, is no longer bound by the regulations of the protection but free do do business as usual. The failure to return the business back to the public sector is what you would see in Russia or Africa under a dictatorship. That's why it is a really test of whether we as a country can really manage our affairs for the future as we 1st started out. The lobbyist and lawmakers should have all went to trial on corruption charges...thats where it all started :)