Fannie Mae-No Politics (FNMA)

[Letgoofmyfannie]

Fanniegate Blues #7: Fannie & Freddie are Indentured Servants

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]