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  • Comment Detail

  • Date: 10/17/17
    First Name: Edward
    Last Name: Papp
    Email: edwardpapp@gmail.com
    Organization Type: local government
    Organization: self

  • Comment

    It is wrong to continue the conservator status of the GSE's including FNMA.
    It was set up as a ruse by the prior administration to confiscate money to help fund Obamacare.
    FNMA was forced to write down assets much more than necessary to artificially force a loss.
    The government 'bailout' and subsequent conservator ship is nothing more than theft from shareholders.
    The government has received far more from the sweep than it originally loaned.
    I urge an end to the sweep, conservator ship and a return to profitability that can restore reserves.