Not possible.
Too many Members of Congress get rich off them.
And they should not be forced to finance those with weak credit for more than they can reasonably pay for.
It should not be ‘private control’ with government strings attached.
Fine, as long as they’ve paid back the $200 billion bailout that they received first.
Steven Mnuchin - one very smart man...
I like this guy already. And the fedgov should stop buying-out student loans - let the banks take the risks and do the leg breaking if kids default.
Oh my, privatizing Fannie and Freddie is long overdue. Eliminates a massive vote-buying scheme for the left, and in the end removes a huge market distortion which created the costly “bubbles” we’ve experienced.
It’s becoming a bit tedious, all this winning...not!
A few years ago, I bought FNMA at $0.24 per share.
Go Trump!
Government should never have created them in the first place.
Whatever the government gets involved in, soon turns to crap.
The mortgage industry should be left to the private sector exclusively...................
So much winnning....
But...but...he’s goldman sachs! Illuminati!! Area 51!!!
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"Don't worry, Mr President, the Dept of the Treasury is under your control."
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ONCE UPON A TIME, IN THE PRIVILIGED ENCLAVES OF
OUR NATION'S CAPITAL, RHAM EMANUEL HELD TWO JOBS Soon as they occupied the WH, Obama and the Chicago con artists (a) took control of the US Census; (b) Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the IRS).
PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role Read on.
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THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient Treasury staffers; prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. (Reported by WSJ / 05/31/09)
More here: http://online.wsj.com/article/SB124113406528875137.html
It is the lenders who want Federal guarantees.
Lenders willing to take actual risks are as rare as honest Hillary staffers.
the US government (the tax payers) have no business funding any private ventures, period. All that does is supports crony capitalism and scams the tax payers so the connected class can legally steal billions. The $800 billion TARP scam comes to mind.
Freddie and Fannie should have been broken up and sold off long ago.
Aren’t they like the post office? In need of bailouts (Tax Payer Money).
Let me ask, why would anyone want to divest themselves of such wondrous institutions?
FDR had nothing but the nation’s best interests in mind when he had Fannie Mae created in the 1930’s (along with dozens and dozens of other unconstitutional entities), and Lyndon Johnson wanted nothing but the best when he had Freddie Mac created in the 1960’s along with that wonderful “Great Society” idea of his.
/s, if you missed it.