Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: conservativemusician
When did Fannie and Freddie become “private” corporations?

"The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE),...

They are pretend corporations, "owned" by the public but wholly controlled by the government.

16 posted on 02/20/2010 5:27:58 AM PST by facedown (Armed in the Heartland)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: facedown

They are pretend corporations, “owned” by the public but wholly controlled by the government
****************************************************

Privately owned but government controlled. It that not the definition of “Fascism”?


18 posted on 02/20/2010 5:45:59 AM PST by thedilg
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson