Congress looks out for its interests first

Both FNMA and Freddie Mac, the government created mortgage bankers, are big lobbyists and make sizable contributions to Congressional political campaigns.

Ask yourself if it is a good idea to bail them out using taxpayer dollars or let them go bankrupt.

If it is your money used for a bailout, you probably would vote "no."

If you are a congressman or senator who wants to continue to get the campaign contributions from FNMA and Freddie Mac, would you vote "no?"

Not on your life.

Another thought. Why not combine the two government-sponsored enterprises into one entity? A taxpayer would say it was a good idea. Cut costs, eliminate duplication, and reduce employment expenses.

Congressmen would say, "No way." They lose two campaign contributors to play off each other and a whole bunch of quasi-government employees beholden to them.

It's like having two Navies or two Air Forces. Come to think of it, we have the Coast Guard and the U.S. Navy, Marine Aviation, Naval Aviation, and the USAF.

I guess FNMA and Freddie Mac are just acting like other government-sponsored enterprises.

Do not for a minute think your congressperson represents your interests. He or she comes first and don't you forget it.

Solution: term limits for Congress.

Richard Chambers

Barrington