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Updated almost 9 years ago on . Most recent reply

did you know Fannie Mae's auctioning 1.527 B of NPNs
FNMA is conducting a auction this and in the next couple weeks for NPNs. I am writing my representative indicated that small businesses and other disadvantaged businesses were not included in this or previous sales.
I don't know if a web survey (to automate the process) can be used for this purpose, but I would like to write a group letter to congress that we can be heard en masse. (hmmm... BP just passed 500K was it)?
It ticks me off that this continues to happen. I wrote a similar letter to the Treasury Dept. when the "toxic assets" where to be auction thru the TARP platform w/o inclusion of small and disadvantaged businesses.
If you agree, let's see if we can do this.
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- Investor
- Kingston, WA
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Its a compliance issue, also the pools are in the tens of millions and so most small and disadvantaged businesses don't have that level of capital to participate.