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re: OT-: Let's Talk Socialism

Posted on 4/3/20 at 7:31 am to
Posted by meansonny
ATL
Member since Sep 2012
25753 posts
Posted on 4/3/20 at 7:31 am to
quote:

nowhere near the same level or control.


That's debatable.

quote:

Cmon man. These are govt sponsored enterprises.


That is the truest statement. They are given a monopoly. Their purpose is directed by the government and monitored by the government. But it operates separate from the government.

quote:

The others you mentioned are public companies.


I think my problem is that you fail to realize that FNMA is publicly traded. They pick their own board. Their board picks their own CEO.
The government oversight agency often works in the best interest of FNMA and not the "for public show" actions by Congress over FNMA.
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