@USTREASURY #FANNIEGATE $FNMA

They say there's a moral obligation for homeowners to repay their mortgages yet they don't believe that applies to them.

This is true because it would follow that when a homeowner repays their mortgage they own their home, but in the case of Fannie and Freddie, who have paid back more than they have borrowed, they are subject to owning 0% of their home, and the media thinks that they only ought to be allowed to own 20% of their home.

If you buy a 1000 SQ FT house and borrow money and pay it all back in 5 years, does the government own 800 SQ FT of that house? Right now, the government thinks they own 1000 SQ FT.

you tell me