Corruption: Fannie Mae And Freddie Mac
u-bam-a urges Congress to back his nominee to Federal Housing Finance Agency which oversees Fannie Mae and Freddie Mac.
Fannie Mae and Freddie Mac were seized by the government in 2008 as mortgage losses mounted. They have received $187.5 billion in taxpayer funds to stay afloat, while paying about $58 billion to the Treasury in dividends.
Instead, the smart choice would be to sell both entities and dissolve the Federal Housing Finance Agency. This would bring in over $200 billion now and the elimination of an agency would significantly reduce future federal spending.
But, our loser-in-chief wants to build his empire instead. For what purpose?His own gratification.
Americans, rise up and overthrow this evil/corrupt individual.
The facts no one wants to read.
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