Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Some food for thought....

How come Hume does not bring up the fact that if the GSE's were in a death spiral, then what would you call the federal governments debt problem? How are they qualified to conserve 2 companies like the GSE's when they have never passed a balanced budget in my memory, for very long time (2001)? Letting the government be conservators of the GSE's is like letting a person with a TV channel shop-aholic problem, a bunch of monoply money, and 20 maxed out credit cards, be in charge of your checkbook and running your household. No budget oriented person in their right mind thinks government is financially competent. At the time government stole these companies, the government was in far worse shape than the GSE's! And that has not changed, 30 trillion in debt now for the government,mso where is their 10 trillion capital requirement? Why can't we the people put them in conservatorship? They can print monoply money all they want, but we lose financially everytime they do.

Maybe if Hume pointed out this side bar information the jury would start seeing this situation much more clearly. Also, where in the constitution does it allow the following to put a company and prvate citizen property holders in conservatorship? : the treasury, the federal reserve and a rogue non comforming made up branch of government the FHFA. I've never read it in any Amendment. Congress whole HERA is a bastardization of our constitutions protections.