Obama Wants to Fix Fannie Mae, Freddie Mac

President Barack Obama indicated he would work both parties to turn the page on Fannie Mae – Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac – Federal Home Loan Mortgage Corp (OTCBB:FMCC) and build a new housing finance system. Obama was speaking to students at Knox College in Galesburg, Illinois, when he announced he would personally work to cut red tape for responsible families to get a mortgage, though banks might not show interest in the proposal. Barack Obama: Bubble-less home ownership President Obama indicated his government is committed to encouraging home ownership that isn’t based on bubbles but based on a…