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Trump wants to privatize Fannie Mae and Freddie Mac: report

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Donald Trump (Screen Capture)

On Thursday, the Wall Street Journal reported that President Donald Trump is interested in privatizing the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), a pair of government-sponsored enterprises that together guarantee about half of the mortgages in the United States.

The Treasury Department insists that they want to privatize the agencies in a way that would not decrease access to credit. According to the Wall Street Journal, these changes would take years to implement, and existing mortgages would be unaffected. The government would also continue to backstop the agencies even after they are privatized.

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Fannie Mae and Freddie Mac are responsible for repackaging loans into securities to sell to investors. The government assumed tight control over them during the 2008 financial crisis to prevent their collapse.

Members of both parties have suggested abolishing the enterprises for years. Republicans in particular have tried to blame Fannie Mae and Freddie Mac for the financial crisis, although this argument is specious.


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Pro-Trump internet trolls tried to hijack Nickelodeon’s kid’s survey on who should be president — and failed

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On Tuesday, Nickelodeon hosted its "Kids Pick The President" straw poll, in which young viewers of the network give their own opinion on who should win the presidential election. The poll has no electoral significance, given that kids cannot vote and given that the survey methodology is not scientific and lets anyone opt in regardless of how it balances the sample.

Despite this, pro-Trump internet trolls reportedly sought to hijack the results, spreading the message to get people to flood the poll with votes for President Donald Trump.

In the end, however, they couldn't even do it. Joe Biden won the poll, 53 percent to 47 percent.

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2020 Election

Wisconsin sees ‘nightmare scenario’ of COVID cases — as Trump ignores medical advice for campaign rally

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Wisconsin residents saw a “nightmare scenario” situation unfold Tuesday as 5,262 COVID-19 cases rocked the state, resulting in 64 deaths as President Donald Trump held a large campaign rally with few masks and zero social distancing.

"This is no longer a slow-motion disaster," said Gregory Poland, director of the vaccine research group at Mayo Clinic in Rochester, Minnesota. "This is a disaster in warp speed. And it's maddening to me as a physician because a whole lot of people have died and are dying."

https://twitter.com/MJSphotog/status/1321224234270625794

According to the Milwaukee Journal Sentinel, the state Department of Health Services reported 5,262 new cases and 64 deaths Tuesday, both records far above any previous daily counts. The death toll now stands at 1,852.

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2020 Election

Trump’s website hacked and defaced to stop the ‘fake-news’ spread by the president: report

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President Donald Trump's website appeared to have been briefly hacked on Tuesday -- one week before the 2020 presidential campaign.

Visitors to the site briefly saw a fake DOJ takedown notice.

"This site was seized," the message read. "The world has had enough of the fake-news spreaded (sic) by President Donald J. Trump."

"It is time to allow the world to know the truth," the message continued.

The message also claimed "secret conversations" prove the Trump administration "is involved in the origin of the coronavirus."

There is no evidence that is the case, experts believe the virus originated in China.

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