Bradley Inman is flat out wrong in his Aug. 17, 2004, editorial about the “American Dream” and government policy. Where do I start?
First, Fannie Mae and Freddie Mac are private corporations. Fannie Mae was created in 1937, not the 1960s, and while part of FDR’s New Deal, didn’t become profitable until the post-WWII creation of VA. Freddie Mac was signed into law in 1970 by a Republican president, Richard Nixon. They are shareholder-owned, private corporations and Fortune 500 companies to boot.