“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.”
Walter C. Langer
And this is the Treasury lie about Fannie Mae:
That it is an unsafe corporation after 7 years of FHFA government control. How can that be?
In 7 years we have elected 2 Presidents and almost a third. Even though POTUS did not change over, Fannie mae somehow has not changed either. 90% of home mortgages in america are on Fannie mae and Freddies backs. Take that same event and put banks in charge of it. There can be only one conclusion, Banks would be in conservatorship or bankrupt. Is this the future we want in America?
What about new mortgages after the economy and housing tanked? Who would loan for new loans while the banks are scrambling to survive? No one would. It would be a complete Freeze, that in the case of banks, the government could not force to keep lending. Its a sham and a lie. Capitalize Fannie and move forward time is now.