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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: tonto who wrote (49943)10/3/2008 11:36:26 AM
From: HPilot  Read Replies (1) | Respond to of 224729
 
It was based on this information: Nevertheless, Fannie Mae remains by law a "corporate instrumentality of the U.S.," and many crucial decisions concerning its borrowing, dividends and other matters are subject to approval by George Romney, Secretary of Housing and Urban Development

I do not have to run the above decisions by the government at my companies, how about you?


Those are executive cabinet offices, not Congress. But congress does have consent to some of this, but IMO that's not special. I infered that you were trying to say Congress controlled FNM, and that is not exactly true either.