Wednesday, October 28, 2015

Fannie mae was bad: The big lie!

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”

Joseph Goebbel
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“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
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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.