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You tell me what private business would have allowed $3,000,000,000 in losses over 6 years AND NOT DO ANYTHING ABOUT IT???????
Fannie and Freddy are private businesses.
You tell me what private business would have allowed $3,000,000,000 in losses over 6 years AND NOT DO ANYTHING ABOUT IT???????
I can name one private business that did that and didn't do anything about it.
Fannie Mae.
Not only did Fannie not do anything about it - they did not inform authorities either. Probably because they didn't want to upset the fantastic corrupt arrangement they have with the government.
Man - this is an outstanding example of why government does NOT belong in private enterprise and the results of what happens when they do.
Fannie Mae WAS a private business, dude.
You could buy stocks in it and everything.
Maybe you need to go read a book?
dude they are both govt agency ripping the public of caused by big brother govt interfering in matter it knows nothing aboutIt's functioning EXACTLY as Obama and the Dems want it to.
Can someone please tell me the difference between Fannie and Freddie? And then I want a Follow up.