Frannie Mae

Barney Frank: Fannie & Freddie Are Kind Of A Public Utility

I know Barney's statement comforts all of us and helps us to sleep at night in the knowledge that our government (being run by radical leftists) owns somewhere around 50% of the homes in the country. Rep. Barney Frank: Lenders Fannie and Freddie now a 'public policy instrument' Mortgage giants Fannie Mae and Freddie Mac are now basically a "public policy instrument" of the government, Rep. Barney Frank (D-Mass.) suggested Tuesday. Frank, the chairman of the House Financial Services Committee, asserted that the companies, which were taken over by the U.S. in September 2008, have become an extension of the…
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