government sponsored enterprice fannie mae freddie mac

the definition of fannie mae and freddie mac no longer includes a connection to the government as of 1992  although it is a government sponsored enterprise  GSE as a result of a history beginning in 1916 with an idea but  actually beginning  in 1938 as a way for the government  to finance low cost housing HUD and later the VA. since then it has transformed itself many times until finally into a privately owned and run corporation with no real regulation or anything   having to do with the government. the reference to goverment government sponsered enterprise remained only as a suggestion that it would be a safe investment with the treasury involved.  this was  effectively a LIE.

With its eye on the stockholders bottom line it has created  the beginning of world wide financial ruin.

the information here I got from google when I asked for fannie mae and the private sector. 

 it gave me a batch of links to follow.

if it interests you to explore the beginnings of this financial CRISiS. just go to google and plug that in. have a nice journey.