Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

This penalizing or tax on hard working good credit American Families to subsidize those hard working credit challenged American Families is another great example of the NECESSITY TO GET FANNIE MAE AND FREDDIE MAC OUT OF THE 14.75 YEAR CONSERVATORSHIPS.

Holding 2 of the worlds largest financial intermediaries in perpetual hostage by our own federal government is outrageous!

"Behaving in a financially responsible way isn’t always fun in the moment – but it’s well worth it when you get to reap the rewards of your good decisions later on, as you’re able to enjoy more and more of the things you want and need.

It’s one of the most fundamental principles of our society, and it’s also rooted in one of the basic realities of human nature: Incentivize good behavior, and you’ll get more of it.

But what happens when the incentive structure becomes inverted? We’re about to find out, because that’s what’s going to occur thanks to a new Biden administration policy that took effect on May 1."

"But this new policy is more than simply unfair. It’s also deeply reckless."

"The administration also anticipates some political gain through what is merely the latest of its many wealth redistribution schemes."