Pull the plug on a financial rat-hole GSE sucking money out of our pockets for totalitarian crooks without anyone’s head on a pike? You financial oligarchs see no evil, hear no evil, speak no evil.
Fannie and Freddie should die. But if they go on balance sheet, we will be FORMALLY revealed to have, by far, the highest debt to GDP ratio in the world. 90% is consider the breaking point, we are at 120%.
For the bank haters, you should know that Obama and the Dems have really screwed them over (Even under Bush).
Do some research. Look up John Taylor and the Community Reinvestment Act Coalition.
Taylor’s representatives visit all banks and demand that they invest in a fund called CRAIX. If they don’t, they get sued for racial discrimination and the labor unions and other deadbeats picket the headquarters and branches.
John Taylor has cleared at least $10 million for the fund.
He is an ex labor union “recruiter.” And out of Barney Frank’s district.
Look at a conservative college economics professor eat his lunch on Kudlow.
http://www.cnbc.com/id/15840232?video=1587245714&play=1