Freddie Mac and Fannie Mae are two quasi-government organizations that help provide mortgage financing for buying a home. Unfortunately, they’ve been mismanaged and misused to the point that they are an albatross on the shoulders of the American taxpayer. Throwing more money at them is like throwing it into a black hole…the money just disappears. The brain child of inept businessmen and inept politicians. Add inept regulators and you get the Three Stooges.
Freddie and Fannie are failing
And lean on the Feds for more bailing.
But those who ascribe
To this diatribe
Must have found something that they’re inhaling.