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Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: WingNut ()
Date: August 06, 2013 08:57AM

http://www.foxnews.com/politics/2013/08/06/obama-to-urge-congress-in-speech-to-shutter-fannie-mae-and-freddie-mac/


It will be one of the few good moves he's ever made.

This jug-eared shitstick must be listening to my advice. If he would take out HUD too, it would be a miracle.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: lolwtf ()
Date: August 06, 2013 09:56AM

Listening to your advice? lol...

This has been a move that's been steaming ahead with a lot of support and likelihood for months now. This isn't some new grassroots idea that doesn't have legs. This happening has been all but a certain for a few months now.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: crooks and liars ()
Date: August 06, 2013 10:07AM

You shut them down after they've been bloated from buying up the bad mortgages from the bad banks and themselves bailed out by the Fed. Their version of the 90's bailout of S&L's.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: Brian "Damage" Forsythe ()
Date: August 06, 2013 12:27PM

This is horrible for me. I have a bunch of shares in FNMA. I hope Obama doesn't axe Congress to shut them down.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: Tray von Martin ()
Date: August 06, 2013 05:17PM

Haven't read into it too much, but it seems strange that Obummer would want to shut down what have become essentially government run mortgage companies. They started out as GSEs and then went more or less private. Their function was essentially to back stop the private mortgage providers and set up requirements common to the industry. They did both, to the tune of billions in wasted tax money.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: Tom Vilsack ()
Date: August 08, 2013 12:40PM

He needs to keep Fannie and Freddie. It is the right thing to do and he owes it to the American people.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: Mr. Ponzi ()
Date: August 11, 2013 11:36AM

He wants to phase it out which won't occur until one or two administrations down the road. It seems he's proposing other programs to make lending more lax and subsidze home ownership through buyer downpayment assistance programs. In a nutshell, he wants a bubble under his watch and propose responsible programs take effect after he leaves.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Posted by: kindful ()
Date: August 12, 2013 04:21PM

.

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Re: Obama to Ask Congress to Shut Down Fannie & Freddie?
Date: August 13, 2013 03:40AM

Yep, one of about three or four things he has done that is actually intelligent.

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