It's hard to imagine that there will be a move towards yanking that guarantee, or weakening the implied guarantee, because it just makes too much sense for the average U.S. citizen. Their benefit is they save money on the mortgage rate because of Fannie and Freddie's status, but bear the risk of either or both of these businesses going bankrupt. The odds of that are so small that the benefit, in my view, greatly outweighs the cost, and it's hard to see Congress changing that story. And Fannie and Freddie's debt is the really the cheapest form of debt outside of Treasury debt. Gary Gordon
Motivational, Inspirational, Funny Quotes
![[Michael Durant, who broke a leg and his back when his Black Hawk crashed, recalled in his 2003 memoir that as he recovered,] I had begun to really understand how much my comrades resented the actions of the Clinton administration, and their anger and bitterness over the refusal to provide us with the armor and the air support we needed. ... I wasn't going to stand on the White House lawn and make it appear that all was forgotten and forgiven, while my comrades were barely cold in their graves. - Gary Gordon Quotes](/pic/img/img.php?text=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&author=ICBHYXJ5IEdvcmRvbiAgICA=&num=10 "[Michael Durant, who broke a leg and his back when his Black Hawk crashed, recalled in his 2003 memoir that as he recovered,] I had begun to really understand how much my comrades resented the actions of the Clinton administration, and their anger and bitterness over the refusal to provide us with the armor and the air support we needed. ... I wasn't going to stand on the White House lawn and make it appear that all was forgotten and forgiven, while my comrades were barely cold in their graves. - Gary Gordon Quotes")
