Originally Posted by River6

Fannie Mai was created by the Democrats and Democratic party. Just another form of entitlement and to obtain more votes for the Democrats. Sound familiar, because Obama is preaching the same BS now. Vote for me and I will give you a tax cut. Right, just go look back at history. 98% of the time Democrats will raise your taxes.

History
Fannie Mae was founded as a government agency in 1938 as part of Franklin Delano Roosevelt's New Deal to provide liquidity to the mortgage market. For the next 30 years, Fannie Mae held a virtual monopoly on the secondary mortgage market in the United States.
History
Fannie Mae was founded as a government agency in 1938 as part of Franklin Delano Roosevelt's New Deal to provide liquidity to the mortgage market. For the next 30 years, Fannie Mae held a virtual monopoly on the secondary mortgage market in the United States.