Difference between revisions of "Fannie Mae"

From Conservapedia
Jump to: navigation, search
(added lobbying)
Line 1: Line 1:
'''Fannie Mae'''  is the common name for the Federal National Mortgage Association (FNMA). <ref>[http://www.visualthesaurus.com/cm/wordroutes/1529/ Blaming Fannie and Freddie], Ben Zimmer, ''Visual Thesaurus'', September 16, 2008</ref> Fannie Mae is a company that deals with the secondary [[mortgage]] market. It was founded by the U.S. government in order to provide liquidity for mortgages. The company was bailed out by the US Government in 2008 (along with [[Freddie Mac]]).
+
'''Fannie Mae'''  is the common name for the Federal National Mortgage Association (FNMA). <ref>[http://www.visualthesaurus.com/cm/wordroutes/1529/ Blaming Fannie and Freddie], Ben Zimmer, ''Visual Thesaurus'', September 16, 2008</ref> Fannie Mae is a company that deals with the secondary [[mortgage]] market. It is a [[New Deal]] agency founded by the U.S. government to provide increased liquidity for mortgages. The company was bailed out by the US Government in 2008 (along with [[Freddie Mac]]) after making billions in loans available to borrowers with demonstratively poor credit histories.
  
 
==Lobbying==
 
==Lobbying==

Revision as of 00:46, 21 February 2013

Fannie Mae is the common name for the Federal National Mortgage Association (FNMA). [1] Fannie Mae is a company that deals with the secondary mortgage market. It is a New Deal agency founded by the U.S. government to provide increased liquidity for mortgages. The company was bailed out by the US Government in 2008 (along with Freddie Mac) after making billions in loans available to borrowers with demonstratively poor credit histories.

Lobbying

The top three recipients of campaign contributions from Fannie Mae over the last two decades were all Democrats. [2]

No.1 Connecticut Senator Chris Dodd  
No.2 Illinois Senator Barack Obama  
No.3 Massachusetts Senator John Kerry

References

  1. Blaming Fannie and Freddie, Ben Zimmer, Visual Thesaurus, September 16, 2008
  2. White House Fires Back at Times Over Housing Meltdown Story Fox News, December 22, 2008