Replies to post #24704 on Freddie Mac-No Politics (FMCC)

[Dfrntstuf]

Why do that? That just recreates the monopoly that Freddie was established to eliminate....FMCC

[Entangled Proton]

I think you're seeing the opposite of what they are trying to do.
This is about capitalism. They are trying to give banks like BAC and JP Morgan the right to sell mortgage backed securities.
They have to break the charter to do that.