A shareholder-owned company, which provides affordable housing capital to local communities in order to serve the U.S. housing market.
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Fannie Mae? What a dumb name. We had this girl named Fannie in my second grade class, she had a ginormous a$$. Think about all of the crap she had to put up with.
Seriously - how can a company leveraged out the wazoo like Fannie even be traded on any exchange? Their "assets" add up to a bunch of freaking IOUs that nobody has any intention of paying back. Watch this one bounce, and then hit hard as Hank Piddy bails them out sending them crashing to $0.