lothianscot

Why I Finally Bought Fannie Mae

The article makes reference to Fannie Mae and Freddy Mac stockholders all the way back to 1938. I think this in error.
So far as I know, both were U.S. Government entities until
the Johnson administration. LBJ had them sold off to private
investors as a way to remove their inherent liabilities from the
Federal Government's balance sheet and offset the massive
liabilities caused by the Vietnam War costs.
balance sheet