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  • Comment Detail

  • Date: 08/17/18
    First Name: Xander
    Last Name: Arena
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA95

  • Comment

    I've now followed the saga of Fannie/Freddie bailout and conservatorship for nearly a decade, and am frankly appalled that the GSE's have not been released and restored by now. The taking of profits, 'Net Worth Sweep', from shareholders (I became one in approximately 2012) is wrong on so many levels. I invested in the companies, because I personally found value in the FHA mortgage which provided my wife and I our first home, and just a cursory amount of research revealed that the true culprits of the 2008 crash were the lending banks, and FNMA was left holding the bag so to speak. I expected a restoration of the GSE's the moment they returned to profitability, but instead, they have been leveraged as a source of income for the Treasury in a manner which is borderline totalitarian. We treat corporations (legally) as people, correct? So why are we allowing Fannie and Freddie to exist in essentially indefinite servitude, i.e. slavery for a problem which wasn't even theirs to begin with. It's abhorrent to think that this has gone on as long as it has. I invested in the companies several times over the last 6 years, because I thought our Country was capable of being decent and good. It's time to free FNMA.