Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The ONLY powers that belong to the federal government are those explicitly listed (enumerated) in the US Constitution, ALL the rest (e.g., Health and Safety) are RESERVED for the states. That's basically what last summers controversial decision was all about.

Fannie Mae was created originally as a federal government agency by FDR and privatized by LBJ and ironically it was during BO'S term on August 17 2012 they were turned back into a government agency through a Defacto Nationalization.

When I worked at Fannie Mae between 1988 and 1993, they were loaded with leaders' from your favorite side of the aisle and as private corporations they used their financial and political might willingly (they neutered DeMarco's power over at ofheo) and sometimes that backfires.