Its not our fault you "fail to see it". Go back to college, study law, economics, and mathematics, Big Yank. Try to understand the impact a 5 trillion dollar company would have on our economy. Imagine if you owned half the mortgages in America. Now imagine the government trying to pull the plug on what "grew" American economies since 1968, "housing". It would be easier to pass a law that suddenly required every American to speak Chinese.
Fannie mae is not "just" a company. Its an industry, which provides financing for about half of America's homes. We did not suddenly "run out" of people who can not afford 20% or more to put down on their home. We have even more of these people than we did in 2008. Many of these lost their home because they could not sell it for what was owed, in part, because of a new phenomena: Decling home prices. In most areas of the country, your home was worth more in 2008, than it is now. Do you see why? Its in no small part because there just arent enough people who can qualify for a home loan, now that fannie is in cship and has to cut back. Solution: release fannie and get our country growing again.
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