Gold, Real Estate, Stocks and My Cynicism
February 17, 2011 at 09:23 AM EST
Way back in 1938, Congress established Fannie Mae with the big idea of helping homebuyers get mortgages. The government followed up the act with the establishment of Freddie Mac in 1970. The idea behind Fannie Mae (FNMA) and Freddie Mac (FMCC) was simple: increase the amount of money available for mortgages by packaging home loans [...]
