Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Challenging the NWS and Nationalization and drawing attention to the federal government overreach here is important.

One Unelected Bureaucrat (DeMarco) shouldn't be able to solely decide (with practically zero thought and deliberation with zero analysis from his senior staff!) such a monumental decision affecting the lives of all 333,000,000 Americans.

Nationalizing the 2 lynchpins of the Secondary Mortgage Markets is a decision that is RESERVED for our ELECTED REPRESENTATIVES IN CONGRESS, NOT DEMARCO!

15 years ago, pre CONservatorship, the average GF paid by the American Family to access the GSES Implicit Federal Guarantee and Subsidy was one-half to one-third LESS THAN today. Renters are impacted as well because the increased pricing is passed on through the American housing market through rents.

The Nationalization also affected Community Banks who held large positions in JPS and countless hard working Americans who had GSE shares in their Employer and self funded Retirement Plans and hard working American Retirees and people like us.

Nationalization is a horrible public policy, with predictable results, just ask any Venezuelan or citizen from a Banana republic.