President Obama Wants To Shut Fannie Mae & Freddie Mac

President Obama will call for a limited government role in the U.S. mortgage market by replacing Fannie Mae/ Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac/ Federal Home Loan Mortgage Corp (OTCBB:FMCC). Barack Obama is set to outline the path to replace the mortgage giants during his speech Tuesday on housing and economy. Last month, while speaking to students at Knox College in Galesburg, Illinois, President Obama indicated he would work both parties to turn the page on Fannie and Freddie Mac and build a new housing finance system, according to The Wall Street Journal. Obama supports limited government role During his…