Whether Mnuchin is a “plant” inserted to steer Trump’s ship in favor of globalism or not, he is doing the right thing by declaiming against the two government mortgage giants
In an interview on FOX Business Network’s Mornings With Maria on Wednesday, Donald Trump’s nominee for treasury secretary, Steve Mnuchin, said one of Trump’s “top 10” priorities was to sell government-sponsored mortgage giants Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). Referred to colloquially as Fannie Mae and Freddie Mac respectively, Mnuchin told Maria:
It makes no sense that these are owned by the government and have been controlled by the government for as long as they have [Fannie Mae was created in 1938 and Freddie Mac in 1970].
In many cases [they] displace private lending in the mortgage markets.… We’ve got to get them out of government control.
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Why not sell off FNMA? Why should the government be in the mortgage business at all? Why should the government be in the health insurance business? I mean, you have auto insurance and you can buy it across state lines; why not health insurance as well? Everything the Federal government touches it screws up.
ReplyDeleteHow about ABOLISHING the Federal Reserve Bank?
ReplyDelete4:35 PM & 5:18 PM points well taken, here is another; how about the Federal and State and Local Governments get out of lives period. It is just too much paying three separate entities all the taxes we pay them for practically no service especially customer service.
ReplyDeleteThe problem with poor customer service in government agencies is usually because of unions. Keep unions out and fire those government employees who don't do their jobs.
ReplyDeleteCome inauguration day, Trump will fix all of this. Just watch.
ReplyDelete1:47 I see what you're doing there. Toughen up, your girl tried TWICE and failed.
ReplyDelete