Replies to post #780597 on Fannie Mae-No Politics (FNMA)

[Ace Trader]

It was a stick up to bail out Wall Street banks friends of Bush and others and made Fannie and Freddy pull the losses on there books! Then Obama sore they were about to make huge returns in 2013 and onwards so he introduced the NWS to pay for Obamacare!

Now the Wall-street banks are making hand over first up until 2020 then interest rates started climbing banks got stuck with all these low interest loans and have cut back on home loans by some 87% leaving the only to companies left in town the GSE’s owner by the Government!!!

Talk about Nationalism of two private held companies the Government didn’t pay for !!!

[Donotunderstand]

780597

let me chew on all of that

THANK YOU