Fannie And Freddie Are America's Underdogs And They Have The History To Prove It

2025-04-21 14:39:22 ET

Summary

• The Fannie Mae court cases have greater implications than ultimately deciding whether the GSE's (Fannie Mae and Freddie Mac) should be released from government conservatorship.
• A partial Timeline of events leading up to and following the financial meltdown.
• Shareholders, Citizens, Taxpayers need to hold our government accountable.

The Fannie Mae ( OTCQB:FNMA ) court cases have greater implications than ultimately deciding whether the GSE's (Fannie Mae and Freddie Mac ( OTCQB:FMCC )) should be released from government conservatorship. They represent more than just shareholder’s rights and their ability to participate in the success of the companies they have invested in. These cases are about our rights and liberties and the great responsibility to hold our government accountable as free citizens. They are also about keeping the American Dream alive and providing housing market liquidity to our nation’s neediest. Consequently, a failure to release these entities suggests that, as a nation, we are lowering our standards of responsibility and accountability to one another.

A great quote from Jeff Atwater, Florida's former Chief Financial Officer, crystallizes my point that accountability is a systemic problem which is not just isolated to the GSE's:

"Our Constitution, and the subsequent Bill of Rights, enshrines the specific liberties that Americans recognize as coming from our creator. It also defines a clear system of limits and accountability for government. But somewhere along the way, the roles of accountability are being reversed.

The absolute truth that a free people must hold their government accountable is being rejected by some and replaced by a failed idea that citizens ultimately answer to government."

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