If Rep. Capito gets her way these two once publicly held corporations by the people, will no longer exist. The federal government wants to replace them with one federally owned insurance company to insure trillions of dollars of mortgage loans. This will still leave you, the US taxpayer, on the hook to pay the bill on the next housing collapse of the future. They say the federal government would be separating itself from the mortgage industry, this is 100% lie. Instead we could make specific changes to these two GSE's without upsetting the balance to the housing market, which is just starting to get back on track from our worst recession/depression ever.
Face it folks, the US government will always have to be involved in the housing market one way or another, it's just too BIG. That means you the taxpayer are also involved in the housing market. We are the people, of the US government. With that said, you the American citizen (poor, middle, and rich) should have every opportunity and privilege to purchase a home for your family and self.
If you are reading this, you probably have a good idea of what has been going on with these GSE's. If you haven't there is plenty of info on the internet, pros and cons, statements and facts, truth and lies, take some time to research it. Fannie and Freddie have served us and our ancestor’s just fine for the last 70 years and these two companies are working just fine again today. I will say this, from my research and understanding if we lose Fannie and Freddie we will be right back to where we started in 2008 and we all know what that was like, a nightmare!
So if you are connected to Fannie or Freddie either thru an investment a mortgage or you just know someone who is, you need to VOTE AGAINST every politician (Democrat or Republican) in the upcoming elections who want to dissolve Fannie and Freddie and bring this country into another recession/depression we cannot overcome another 2008 crises. This especially means a No vote for Rep Capito and all the other politicians backing her same agenda.
People, this may not affect you personally right know but I will guarantee you all, that if we overhaul our housing system the way certain politicians (not all of them) and rich bankers want to, the poor and middle class will be out on the streets, literally.
Thanks for reading this, please pass it on to someone else who cares about our country.
