Something doesn’t add up. Obama wants to get the Government OUT of a major component of the US economy?
Usually when a statist/progressive scheme fails, and Fannie and Freddie failed miserably, the Left’s next option is to double-down or nationalize everything.
What am I missing?
F&F are partially private corporations. O probably wants them completely under the control of the Executive Branch.
Something doesn’t add up. Obama wants to get the Government OUT of a major component of the US economy?
I think the Dems will use the banks as brands to create a veneer of private sector respectability. That will be far from reality. This seems to be similar to how the Dems envision the role of health insurers under kenyancare/single payer system. These businesses will be required to pay the Dems to run the govt programs. Corporate fascism at it’s finest.