Nationalizing The Housing Industry

Let’s see; banks, car companies, healthcare, student loans…why not mortgages too?

  • Government paid Fannie and Freddie $240 Million to manage bank bailouts.
  • 90% of home mortgages are insured by FHA.
  • Fannie and Freddie have received $148 Billion in bailouts, with the cap on bailouts removed last Christmas Eve.
  • etc., etc., etc.

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