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To: Pelham
...nor does Freddie Mac receive federal funds."
Right, they receive federal subsidies.
CBO TESTIMONY
The housing GSEs receive a substantial federal subsidy as a result of their special status, estimated to be $13.6 billion in 2000.

Is Freddie Mac a government agency?
No.

Right, they're a government sponsored entity (GSE), but we've been over that.

It's funny that you use the lying, cheating bastards own website for information.

61 posted on 09/26/2008 4:36:08 AM PDT by philman_36
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To: philman_36

“It’s funny that you use the lying, cheating bastards own website for information.”

That’s an excellent defensive effort, although a losing one. Arguing the source is the genetic fallacy.

“Right, they’re a government sponsored entity (GSE), but we’ve been over that.”

You forgot to post the part where they receive no federal funds. Your taxes are safe.


64 posted on 09/26/2008 10:03:24 PM PDT by Pelham (No Banker Left Behind Act of 2008)
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