Nader Now Weighs In On Fannie Mae, Freddie Mac

Ralph Nader, known for successful consumer advocacy and an equally unsuccessful presidential bid, is making a habit of advocating for his own portfolio. This time it’s an open letter to new Federal Housing Finance Authority chief Mel Watts, advocating that Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s profits be reinvested in the two government sponsored enterprises (GSE) or distributed to common shareholders – which happen to include Ralph Nader.

Nader says he’s being ‘used and abused’

“Due to the U.S. Treasury’s amendment in 2012 of the terms...