Question: It seems as if there are too many government programs with Fannie Mae and Freddie Mac requiring bailouts at the taxpayer's expense. Please respond to

It seems as if there are too many government programs with Fannie Mae and Freddie Mac requiring bailouts at the taxpayer's expense. Please respond to the following:

What purpose does the FHA Federal Housing Administration serve?
Who does it help?
When did it originate?

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