Fannie Mae-No Politics (FNMA)

[YanksGhost]

The civil unrest catalyst Bove cites struck me as extreme until I saw the overnight news from Warsaw, Poland where controversial Supreme Court decisions set off massive civil unrest in what normally is a very serence part of Europe. With the new "balance" on our Supreme Court, I wonder if maybe Bove's vision applied to housing and Fannie Mae and Freddie Mac may hold more gravitas than I sensed at first blush.

Bove's historical look back at Fannie Mae back in the late 60's and the lead in to the formation of Freddie (1970?) were a sound refresher that resonated with me. Maybe Bove is really on to something worth considering. Affordable housing has been an igniter of the U.S. economy during several periods of economic and social challenge. Why not in a rebuilding process after coronavirus?

Nice to see Bove painting a positive rationale for why FnF matter and why they deserve to be preserved and nurtured, not bled dry and starved for the government's parasitic jollies. Thanks for posting the link.