Fannie Mae-No Politics (FNMA)

[Demar]

"This is usually a case of politicians commenting on a service they know very little about and pandering to their constituency …" he says. "Fannie and Freddie have done more for home ownership in the last 30 years than any economy. They are profitable and have returned any monies they received in the bailout. They create an open market where investors can go and buy mortgage-backed securities, allowing home buyers low interest rates and the availability of mortgage money to buy a home … I'm not sure how any politician can make an argument to eliminate these companies."


Nice find!