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President
Who were the authors of the legislation. Not a Dem among them."When this potentially historic agreement is finalized," Clinton said in a statement, "it will strengthen the economy and help consumers, communities and businesses across America."
He was supposed to prevent it.George Bush didn't persuade Chairman Raines and Vice Chair Gorelik to abandon their fiduciary responsibilities and start buying 50% sub-prime mortgages to sell around the world to unsuspecting banks!
The Federal Housing Enterprise Oversight Office oversees the financial safety and soundness of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to ensure that they are adequately capitalized and operating safely.
Parent Agency
Housing and Urban Development Department
https://www.federalregister.gov/agencies/federal-housing-enterprise-oversight-office
The GSE weren't creating the exotic garbage Wall Street sold to investors. Wall Street did that.eh, eh...so you double cross yourself and admit the crash was a result of risky investments that we're sold around the world by the GSE (not GRE) known as Fannie Mae!
They wanted it then.As for Republicans wanting to do away with Fannie Mae and take them private you just flat out lie!
It was the flamer Barney Frank.
Once a strong supporter of Fannie Mae and Freddie Mac, former Rep. Barney Frank now says they should be abolished.
"Clearly they should now be abolished," Frank told CNBC's "Power Lunch."
Once they're gone, Frank said, something will need to replace them. "They will be replaced by a mechanism whereby lenders who want to make 30-year fixed rate mortgages will be able to buy a form of federal insurance that will guard them against interest rates spikes," he said.
Take them private in other words!
10 yrs of trying
They're getting it now.