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Intransitman (December 31, 1969 at 5:59 pm)
The Amtrak cartoon makes no sense in this video, as in that it is a public body.
ThreeString (December 31, 1969 at 5:59 pm)
This would be a Hell of a lot funnier if it weren't true, once again.
flyinggeng (December 31, 1969 at 5:59 pm)
This is correct. If Fannie Mae had remained a public entity, it would never have gotten so efficient at packaging mortgages for low income households and subprime borrowers. Fannie Mae would have been a economic failure long ago and gone bankrupt.Instead privatization allowed it to get somewhat good at what it did so that it could fail so spectacularly. Of course, it could also be incomplete privatization. I bet Dems had something to do with that.
yogione (December 31, 1969 at 5:59 pm)
I appreciate the aside to Tom. Who could mistake the style. Great rendering both here and on the Fannie Mae Version. Thanks I needed this.
jguth3 (December 31, 1969 at 5:59 pm)
And now it's on YouTube, "I'm Changing My Name to Fannie Mae" recorded LIVE at The Church last night with his new band, Abe Guthrie, keyboards, Jody Lampro,bass, Bobby Sweet, guitar and The Burns Sisters!...this will be a really FUN tour!
jguth3 (December 31, 1969 at 5:59 pm)
Good Job! Thanks for posting. I just posted Arlo doing, "I'm Changing My Name to Fannie Mae"Recorded last night at the Guthrie Center Church!
NotGodot (December 31, 1969 at 5:59 pm)
Nixon, actually. The release of Fannie Mae from government control and the creation of Freddie Mac are both on him. Also the failure of the American Labour movement to make sure wages keep rising is a big part of it, because it means that the only way to ensure economic growth is through borrowing.Roosevelt and arguably LBJ do bear some responsibility for propagating the myth that people are entitled to home ownership, but it mostly comes down to Nixon and Republican anti-labour elements.
KnightOwl2006 (December 31, 1969 at 5:59 pm)
Fannie Mae is the democrat party's Frankenstein monster this time.
mistercsc (December 31, 1969 at 5:59 pm)
This is great. I heard the song today and was glad to see it posted here. It's just as true or truer today as it was 25 years ago.
bigsitcomfan (December 31, 1969 at 5:59 pm)
Anybody have him singing "I'm changing my name to fannie mae" from farm aid? |
