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In reply to the discussion: Obama says it is time to wind down Fannie and Freddie- let private investors have bigger role [View all]HoneychildMooseMoss
(251 posts)44. Fannie Mae, at least, isn't a "private" company in the strictest sense
From Fannie Mae's website:
"We have been under conservatorship, with the Federal Housing Finance Agency acting as conservator, since Sept. 6, 2008. We also have entered into a senior preferred stock purchase agreement with the U.S. Department of the Treasury pursuant to which Treasury has committed to provide funding to us under specified circumstances. "
http://www.fanniemae.com/portal/about-us/investor-relations/index.html
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Obama says it is time to wind down Fannie and Freddie- let private investors have bigger role [View all]
cali
Aug 2013
OP
In this case, private lending took the profits and left government (taxpayers) with losses.
SharonAnn
Aug 2013
#52
That seemed to be the implication if you follow the argument to its logical conclusion
GiaGiovanni
Aug 2013
#20
Your telling avoidance of the simple word "no" in response to my simple question amused me.
MotherPetrie
Aug 2013
#41
He was talking about in terms of what these private organizations already engage in.
ProSense
Aug 2013
#21
What a shock. Another bad republican idea being sold by a nominal Democrat. n/t
Egalitarian Thug
Aug 2013
#9
Our "limited government role" appears to be to bail out the Capitalists after they screw us.
Tierra_y_Libertad
Aug 2013
#10
I heard Jared Bernstein,a spokesperson for the administration I believe,
senseandsensibility
Aug 2013
#12
He just wants to remove the guarantee of a federal bailout if investors fuck up again.
millennialmax
Aug 2013
#16
" limited government role" until they need cash. The President gave us a gift on his birthday.
Safetykitten
Aug 2013
#18
Fannie Mae, at least, isn't a "private" company in the strictest sense
HoneychildMooseMoss
Aug 2013
#44
Excellent, another Republican approved plan Obama is jumping on board with
LondonReign2
Aug 2013
#32