Replies to post #693912 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

For some reason I think many of us somehow believe that the government will do the right thing, but next week, September 08, 2021, as we complete 13 YEARS of a temporary conservatorship, very few are left.

"Therefore, in order to restore the balance between safety and soundness and mission, FHFA has placed Fannie Mae and Freddie Mac into conservatorship. That is a statutory process designed to stabilize a troubled institution with the objective of returning the entities to normal business operations. FHFA will act as the conservator to operate the Enterprises until they are stabilized."

https://www.fhfa.gov/Media/PublicAffairs/Pages/Statement-of-FHFA-Director-James-B--Lockhart-at-News-Conference-Annnouncing-Conservatorship-of-Fannie-Mae-and-Freddie-Mac.aspx

[Donotunderstand]

really

last I looked -- at least in my state - we still have elections - private property and the ability to sue and to vote people out

(unless you bring in the ninjas to tell us how the paper has wood in it or bamboo and the pillow guy to show how lasers changed votes ----- what a farce in some states)