Fannie Mae-No Politics (FNMA)

[rosen62]

In the last 'bipartisan' conference she referred to the GSEs as government owned companies stating many times 'we could do this' 'we could do that' 'because government has control' and blah blah. It is pathetic to see someone with her background not understanding the minutiae whereby the government doesn't own anything at this point. Just some rights to shares. Not to mention the Srs. have no voting power and the only relationship between the companies and the Treasury is through a contract agreed to with their conservator.

Leftish have the strongest dislike of the word "profits". They can never acknowledge them.