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President Obama supports winding down Fannie and Freddie

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  • one vote Salt Lake City, UT
    Aug. 16, 2013 2:16 p.m.

    I thought he was a socialist commie. He is really a RHTP. A "republican hated by the tea party".

  • justamacguy Manti, UT
    Aug. 15, 2013 11:05 p.m.

    Agree with the president? To bad it wasn't his idea, "Obama supported a bill sponsored by Senators Bob Corker, R-Tenn., and Mark Warner, D-Va.,".

  • lost in DC West Jordan, UT
    Aug. 15, 2013 7:44 p.m.

    people forget fannie and freddie did NOT have a government guarantee until barney frank and congress bailed them out. All BO is trying to do is revcerse some of the damage barney frank caused. They were semi-privatized a long time ago, but congress still held enough sway over them that barney could force them to buy bad loans to make it so more people could "afford" to buy a house. All that did was create a bubble. the housing market may be too weak to totally remove the support fannie and freddie provide; any withdrawal of that support should be gradual.

    Of course, as long as they are profitable, they can repay the treasury for some of the bailout. Of course the BO misadministration sold some of the bank stocks treasury held from the bailout for pennies on the dollar, when they could have received much more and recouped even more from the commercial banks. BO and his cabal know nothing about finance.

  • JoeBlow Far East USA, SC
    Aug. 15, 2013 7:19 p.m.

    "Now if it isn't too much to ask. Please open up more drilling on Federal Lands. I really liked the $1.84 gas price when you entered office."

    did you also like the $4.00 gas 6 months BEFORE he entered office?

  • 1978 Salt Lake City, UT
    Aug. 15, 2013 5:18 p.m.

    This is now the 3rd time I agree with the President.

    Sequestration - It was his idea, he shouldn't run away from it. It has already brought the deficit down.

    Osama Bin Laden - It took courage to order that strike when Biden and Gates and many others were opposed.

    Fannie Mae and Freddy Mac winding down - YES!!

    Now if it isn't too much to ask. Please open up more drilling on Federal Lands. I really liked the $1.84 gas price when you entered office.

  • UGradBYUfan Snowflake, AZ
    Aug. 15, 2013 4:43 p.m.

    Wait, let me get this straight, if the government gets out of the loan business, then the cost of loans will go up? I thought that the government can't do anything right so we have to leave it up to business, because they will make it lower cost and better. Hmmmmm

  • Say No to BO Mapleton, UT
    Aug. 15, 2013 2:40 p.m.

    If the government is going to force lenders to write bad loans they are still in the game and still on the hook...unless rates rise to cover the bad loans.

  • Obama10 SYRACUSE, UT
    Aug. 15, 2013 2:07 p.m.

    After 5 1/2 years, I finally have something that I agree with the President.