Your not wrong that it is currently an obligation of the US government, because the government decided to nationalize.
But, neither am i wrong that the charters state that there is no guarantee. The government could very well have let them fail, and anyone that thought otherwise was just hoping the government would nationalize. Its no different than thinking Goldman Sachs is insured by the government because its too big to fail and will be nationalized. They were private companies.
But, you were wrong a few posts back. You've said that throughout the bubble mortgages held by fannie mae and freddie were insured by the government. Your wrong.
Excellent. They are currently obligations of the US government.
And i never claimed otherwise. Maybe you should understand the debate before you inject yourself into it. "Intense" said that mortgages held by fannie and freddie were insured by the government, i said they were not, and you somehow turned that into me saying that the government never decided to nationalize.
But, you were wrong a few posts back.
You'll have to show where you think I'm wrong.
Your track record with that claim isn't very good.
Sorry, i didnt realize you had rudely injected yourself into an argument you were never a part of. Intense made the claim about government insurance, i said he was wrong, and then you injected yourself into an argument you were never a part of by totally changing the topic of the debate.
Intense: "Their debt was insured by the government"
Me: "No it wasnt, the government just decided to nationalize, there was never any insurance policy or explicit guarantee.
You: "Their debt is an obligation on the US government"
See where the problem comes in? It happens when you start claiming ive said shit that i havent, or when you dont understand the difference between "insured by the government from the start" and "a decision to nationalize"