Originally Posted by
timebuilder
For those who are unfamiliar, he is referencing Fannie Mae and Freddy Mac, which are Government Sponsored Entities.
Fannie Mae is the Federal National Mortgage Association.
Freddie Mac is the Federal Home Loan Mortgage Corporation.
Of note is that Fannie and Freddy were grossly mismanaged by their officers, congressmen, and senators. It is for this reason that people are justifiably skittish about the government taking on any additional role in healthcare. They cannot properly manage Medicare as it is.
Franklin Raines was a close Obama adviser, and never actually held a formal title of "economic adviser" to Obama. That said, Raines mismanaged Fannie Mae into deep financial trouble while making some Nine Million Dollars in pay and bonuses. All from a government sponsored entity, no less. Two other figures were closely linked to the Obama administration during the runup to the election, but were virtually ignored by the legacy media.