While the United states Armed Forces (private mercenaries) are in Vietnam, “united in … determination to take all necessary measures in support of freedom,” Republican (fascist/socialist) de facto President Nixon, Esq., signs the Emergency Home Finance Act, creating the Federal Home Loan Mortgage Corporation (a.k.a. “Freddie Mac”) to duplicate the functions of the Federal National Mortgage Association (a.k.a. “Fannie Mae”)— expanding the secondary market for mortgages in the United States. The two companies do so by purchasing mortgages from commercial banks. They then compile the purchased mortgages into securities, guarantee them, and sell them to institutional investors.  By paying banks money for mortgages, they bring more liquidity to the banks, which are then able to loan the money to another applicant.  Because Fannie Mae and Freddie Mac are chartered by the Federal government investors believe the two “government sponsored enterprises” are “too big to fail.”   As a result, both GSEs are able to borrow at lower rates than private companies, giving them a competitive advantage over fully private mortgage-backed security vendors.

       NOTE: As an attorney (Officer of the Court) Nixon was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].

       Question: Where in the Constitution for the united States is CONgress authorized to charter such corporations?

       [added 10/28/2022] Thanks to Chuck McGlawn for this entry.