Congress should appropriate the funding if they want to subsidize higher risk mortgagors. Neither one Unelected Bureaucrat named Sandra L Thompson nor the head of the Education Department should be deciding Major Questions of Economic and Political Importance.
Besides, Fannie Mae and Freddie Mac have already transferred HUNDREDS OF BILLIONS to the US Treasury (in return for NOTHING) and are in need of a serious Capital Rebuild.
Q: Why would Sandra L Thompson, with decades of banking regulatory experience agree to subsidize the targeted voting base of the current administration, at the expense of a much needed capital rebuild?
A: Because someone in JB's administration told her too.
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