Fannie Mae-No Politics (FNMA)

[Letgoofmyfannie]

Another 4th of July, Fannie & Freddie still Indentured Servants

11/244's or 4.5% of our history as a country has been Under Conservatorship, that's more than time than the time it took us to fight our two biggest wars, II and the Civil.


Fanniegate Blues #7: Fannie & Freddie are Indentured Servants

Lyrics by Tim Rude, performed by Blind Sheep Investor (this was the 99th Take and the 99th bottle of beer...)

USA's Home Ownership Rate is at a 50 Year Low
United States of America's Home Ownership Rate is at a 50 Year Low
But 324 million people got a bias for living indoors

Fannie and Freddie are Indentured Servants that's the word
Fannie and Freddie are Indentured Servants that's the word
About the least doggone American thing I've ever heard

US Housing Market recovered due to demographics and low interest rates
US Housing Market recovered due to demographics and low interest rates
So why are the GSEs institutions the Government loves to hate?

Government took two private companies, failing to heed the Fifth Amendment
Government took two private companies, failing to heed the Fifth Amendment
Effectively nationalizing the GSEs, stealin' all their Profits

[belch]