Tag Archives: Fannie Mae

Fannie Mae abandons hope of protecting taxpayers or returning to profitability

Instead, Fannie Mae is repudiating the goal of limiting the Treasury’s exposure, and instead is asking for $19 billion to subsidize people barely able to afford houses.

The Obama Administration is favorable to welfare receipients — both rich and poor — because unlike the middle class, welfare recipients are already trained to do what the government wants them to do.