Fannie Mae-No Politics (FNMA)

[mrfence]

Yes, in fact the only clear requisite espoused by the President in regards to "winding down the GSEs, Fannie Mae, and Freddie Mac, as we know them" was removal of the taxpayer from its risk exposure, and retaining the availability of a 30 year mortgage to sustain the middle class as well as helping some responsible, good credit, lower income earners to break into the middle class. Personally, I agree with the sentiment, and there's absolutely know sane reason to eliminate Fannie Mae, and Freddie Mac to achieve those goals. In fact, there are a plethora of fundamental reasons to do just the opposite.