Is Obama his brother's keeper?

What is wrong with our economy is that soem have tried to intermingle socialsim/communism with capitalism. It cant work and destroys capitalsim every time. Fannie Mae being a prime example.

 

His brother doesn't appear to be desperately in need of medical care. Is that what you're saying?

You know, Ronald Reagan, your hero, had a son who was GAY. How does that grab you?

 

:laugh:

As long as HE doesn't try to grab me.....

 

You are forgetting that Fannie Mae is a private company, and has been for some time now. If government is so bad, then why isn't GNMA (Ginnie Mae) experiencing the same problems?

http://www.philly.com/inquirer/currents/20080914_Washington_should_keep_control.html

 

The answer to your question is in the post you quoted.

 

A Private Company

Is Fannie Mae a private company or is it part of the government?

First established in 1938 as a government agency, Fannie Mae in 1968 became a private, shareholder-owned company with a charter from Congress requiring the company to support the housing finance system. It is a financial services company serving the American home mortgage industry......





http://www.fanniemae.com/faq/faq8.jhtml?p=FAQ

 

Really?

So who are the owners?

 

The stockholders.
http://quote.yahoo.com/q?s=fnm

 

So you admit that it is not , in fact, a "private" company.

Got any idea how many federally chartered and stockholder-owned GSEs there are?

 

:laugh:










edited to make a legit post

 

So you're agreeing that his brother isn't the issue.

 

I sure do, and I am curious as to whether or not you are implying that the people who own FNM are in fact NOT stockholders, or owners of the company. Is that what you are implying?

 

Nope. I was saying your post was so silly it made me laugh, and then I silently pondered why you would be nervous about a gay guy you would never meet, and I saw a place to put in an extra little joke. After, of course, I pointed out how silly your post was.

 

I would imply that F.M. & F.M. acted at the whim of congress, because of the charter.

 

I'm not implying anything. Just correcting an obvious error of yours.

The implications are all yours.

One can only assume that the reason you mistakenly/deliberately? identified Fannie Mae as a "private" corporation was to imply that they are basically just like any other corporation...,an obvious attempt to mislead or misinform on your part.

Got any idea how many federally chartered and stockholder-owned GSEs there are?

While you're at it, maybe you can tell us what gives the President of the United States the right to appoint members to the board of directors...since you seem to be making a case that Fannie Mae is pretty much like any other corporation?

Does the President have the right do that for IBM and General Motors as well?

 

George Obama does not appear to want help from his half-brother who he barely knows.

 

Nope, you are wrong.

Ah, yes - typical of you to simply make a claim that isn't true.
I said they are a private company, and that is true. Perhaps you could explain why Fannie Mae IS having problems while Ginnie Mae does not appear to have the same problems. You started a whole discussion about the money that was given by Fannie Mae and Freddie Mac to Jesse Jackson, how about Ginnie Mae (a government entity)?

As for saying that they are "just like any other corporation," I didn't say that, and you know it. Nor did I imply it. I simply said that they are owned by shareholders.

I sure do - do you?

I didn't say or write anything about this. Interesting that you would seemingly implicate the POTUS with this post, but I will let you do that.
:thumbs:

 

Really?

My mistake.