The "Federal" National Mortgage Association (Fannie Mae) and the "Federal" Home Mortgage Corporation (Freddie Mac) are driving this country further into financial collapse. Since 1968, those two entities have operated as gigantic rip-offs called "government sponsored enterprises" or GSEs. Translated it means those companies are privately owned and operated (just like the privately owned and operated "Federal" Reserve Banking System).
Freddie and Fannie have shareholders who are financially protected by your wallet. The sweat of your labor. The thieves in Congress gave them a line of credit which comes from the fruits of your labor. Those two corrupt operations are exempt from state and local income taxes and SEC oversight.'
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