this post was submitted on 26 Jun 2025
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chapotraphouse
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there's a corpo called fannie mae in that country??? ๐ญ
Fannie Mae and Freddie Mac are the official nicknames of two federally-funded mortgage/property associations. The full title of Fannie Mae is the Federal National Mortgage Association, Freddie Mac is the Federal Home Loan Mortgage Corporation. These are two government-sponsored enterprises that had a large part in the 2008 mortgage crisis and are now under federal conservatorship.
US corporations have the dumbest names imaginable
Did you know that the US central banking system is called the Federal Reserve instead of the Bank of America or the US Bank? Those are private companies who own those names.