socio-politics

Fannie Mae and Freddie Mac are socialist institutions.  They receive their funding from the government, and that transaction causes private, market-driven organizations to lose out on mortgages.  When they came into being, they were labeled as “government sponsored” because if they had been rightfully called government institutions, that would cause a huge stir concerning socialism.  People are easily convinced and under-informed about such tactics, so it has been and will continue to be effective.

This is not something that is up for debate – that small labeling technicality makes something that is factually socialist appear to be compatible with our socialism-fearing society.  It’s just something to keep in mind when considering the potential resolutions to the current crisis.    

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