Isn’t Fannie Mae one of the companies that caused the housing crash of the 2000s?
akd432006 on
It comes down to **cost.** “Woke” has nothing to do with it. There is a reason why they picked the 2nd cheapest Southern State (Alabama). Only Mississippi is cheaper.
literallytwisted on
Are they going to change the name to “Auntie Mae” in true Confederate fashion?
PotatoHighlander on
Yup moving to a backwards shithole, where abortion is illegal, and the state tries to force religion down your throat and restrict your rights. Yup, this is definitely going to attract top tier talent.
Gordon_throwaway on
That’s ok. Greater Cascadia will establish its own fraud free mortgage GSE when the time comes; located in WA, OR or CA.
thoughtful_human on
It’s probably a lot cheaper to operate a company in the south so if the reduction in talent isn’t so bad it might be worth it
WardenEdgewise on
How can they say that? “These people in California are too kind, polite, thoughtful, caring, and decent! We want to be around evil, hateful, resentful, ignorant bigots!”
Western-Corner-431 on
Fannie Mae is led by traitors, thieves, and pigs. Take care you don’t end up in bed with them.
ObjectiveDark40 on
How are they “moving” if the current employees don’t have to relocate? That just sounds like opening another office but with extra steps.
themorningmosca on
Why don’t they replace all of it with AI?
Reasonable_Automobil on
Several thousand more jobs leaving the bay area. sigh
glitterandnails on
Anyone still crying about wokeness can just fuck off. They threw away the country for not even a first world problem.
GreenTrees797 on
Just burning more taxpayer money for made up culture wars.
Jeremisio on
Woke as in state that holds them accountable.
platanthera_ciliaris on
They might as well step inside a time machine and live in the antebellum South. Hope they don’t mind mingling with the primitives.
Equivalent_Sea_1895 on
Well, the name fits.
irrelevantusername24 on
Difficult to do and not popular among really any political viewpoint but this is why having centralized control – ie not “muh states rights” – is not only smart and efficient but arguably necessary.
Because if 49 states say you can’t own slaves but one state says you can then all the slaves are gonna be imported to that one state.
And where this gets really unpopular is we live in an international world, and the connections are obvious and unignorable. “Globalism” as we have it now is exactly the opposite. That’s why only people – especially poor people – have to deal with the restrictions of national borders, but the wealthy people and most importantly the wealthy peoples criminal amounts of money can do whatever they want. We are bought and sold. What do you think stocks are?
edit: and on some level this gets into the arguments about economic structures, like whether they should be “planned economies” or left up to “the forces of the market” but the thing is, it makes way more sense for a free market to be in control with sensible regulations… providing the reality hasn’t already been distorted to all fuck. Which is what we are dealing with the last few years. We have no government. We have a country of 365+ million ruled over by the top 10%. The rest of us are effectively slaves.
If we all were starting from mostly equal places, and had mostly equal access to assistance? Sure, a free market with little regulations makes sense and would work. If some people are already at max level and the rest of us are starting from zero, then fuck that game. Which is basically what happened during my lifetime. 1990 – now. Everyone else was at max level, those born around 1990 or after are basically sacrificed to the god of the dollar. Except those lucky few who were saved by someone with money
Oh_Hell_Yes_Baby on
What a joke – Fannie Mae has a few hundred employees, max, in San Francisco.
Their San Francisco offices are ln rented floors in a building near Salesforce Tower. The photo accompanying the article, showing a bldg with their logo and name on it, is in Virginia, not here. And the employees based in San Francis aren’t being terminated, rather they are being made remote workers.
Like nearly everything else about the current administration, it’s yet another ginned up controversy to get their gullible base to think they are somehow “winning” when it’s actually nothing other than them not renting a few flooes of an office building.
Yesthisisdog69 on
Tons of companies doing this. Not news.
independenthinkerdc on
Most of Fannie Mae and Freddie Mac are in DC/Virginia – this is irrelevant. Also, they used to be public and traded between $30-60 per share but the GOP (Bush) pulled them into a quasi government status, which reduced them to penny stocks to use their revenue to hide a growing deficit. So much for GOP driving the free market.
Once-and-Future on
Moving from a state of makers to a state of takers.
(I know, unkind)
ursasmaller on
Cool. Fewer cars on the road.
Competitive_Fee_5829 on
Bye.
anemic_royaltea on
Imagine spending so much time demonizing treating other people with other beliefs, perspectives and needs with respect.
Meanwhile, the rich stay rich and getting richer.
ShareGlittering1502 on
Good luck finding finance peeps in bama
Peimai on
Good luck getting your employees to move to Alabama.
decapitating_punch on
boy, i can’t wait until the american taxpayers have to write another insanely sized check to Fannie Mae AGAIN to rectify ANOTHER of their fuckups.
Kind-City-2173 on
There is no such thing as woke
Apbuhne on
Is it anti-woke to cause a financial crisis?
PlanetoftheAtheists on
Don’t let our booming economy and educated workforce hit your ass on the way out.
Ld862 on
Well there’s a very good reason why no normal, private owned company would willingly locate itself in ala-fucking-bama.
Raspberries-Are-Evil on
Ok, bye.
MajorMorelock on
Fannie Mea also kicked Whoopi Goldberg out of their restaurant because they were sick of all that woke.
QuestoPresto on
They should move to that Nebraska town that is losing one in three jobs
tlux95 on
Fanny means vagina in Australia/UK btw.
YouCactusBastard on
And by moving “to the South”, they mean moving east. That is how cardinal directions work.
themorningmosca on
Look, they JUST got math down there and they really want to show off their Guzintahs.
ohyeathatsright on
Don’t let the door hit you on the Fannie on the way out.
tsr85 on
Aka, let’s get everyone to quit because they will not move with.
jotro138 on
Math and finance are woke.
Hypeman747 on
Great. Those towns will turn purple in the maps. There probably won’t have qualified people there so they either going to pay the people from
Cali to move there or get more transplants.
42 Comments
I’m sure this will not be disruptive at all
Isn’t Fannie Mae one of the companies that caused the housing crash of the 2000s?
It comes down to **cost.** “Woke” has nothing to do with it. There is a reason why they picked the 2nd cheapest Southern State (Alabama). Only Mississippi is cheaper.
Are they going to change the name to “Auntie Mae” in true Confederate fashion?
Yup moving to a backwards shithole, where abortion is illegal, and the state tries to force religion down your throat and restrict your rights. Yup, this is definitely going to attract top tier talent.
That’s ok. Greater Cascadia will establish its own fraud free mortgage GSE when the time comes; located in WA, OR or CA.
It’s probably a lot cheaper to operate a company in the south so if the reduction in talent isn’t so bad it might be worth it
How can they say that? “These people in California are too kind, polite, thoughtful, caring, and decent! We want to be around evil, hateful, resentful, ignorant bigots!”
Fannie Mae is led by traitors, thieves, and pigs. Take care you don’t end up in bed with them.
How are they “moving” if the current employees don’t have to relocate? That just sounds like opening another office but with extra steps.
Why don’t they replace all of it with AI?
Several thousand more jobs leaving the bay area. sigh
Anyone still crying about wokeness can just fuck off. They threw away the country for not even a first world problem.
Just burning more taxpayer money for made up culture wars.
Woke as in state that holds them accountable.
They might as well step inside a time machine and live in the antebellum South. Hope they don’t mind mingling with the primitives.
Well, the name fits.
Difficult to do and not popular among really any political viewpoint but this is why having centralized control – ie not “muh states rights” – is not only smart and efficient but arguably necessary.
Because if 49 states say you can’t own slaves but one state says you can then all the slaves are gonna be imported to that one state.
And where this gets really unpopular is we live in an international world, and the connections are obvious and unignorable. “Globalism” as we have it now is exactly the opposite. That’s why only people – especially poor people – have to deal with the restrictions of national borders, but the wealthy people and most importantly the wealthy peoples criminal amounts of money can do whatever they want. We are bought and sold. What do you think stocks are?
edit: and on some level this gets into the arguments about economic structures, like whether they should be “planned economies” or left up to “the forces of the market” but the thing is, it makes way more sense for a free market to be in control with sensible regulations… providing the reality hasn’t already been distorted to all fuck. Which is what we are dealing with the last few years. We have no government. We have a country of 365+ million ruled over by the top 10%. The rest of us are effectively slaves.
If we all were starting from mostly equal places, and had mostly equal access to assistance? Sure, a free market with little regulations makes sense and would work. If some people are already at max level and the rest of us are starting from zero, then fuck that game. Which is basically what happened during my lifetime. 1990 – now. Everyone else was at max level, those born around 1990 or after are basically sacrificed to the god of the dollar. Except those lucky few who were saved by someone with money
What a joke – Fannie Mae has a few hundred employees, max, in San Francisco.
Their San Francisco offices are ln rented floors in a building near Salesforce Tower. The photo accompanying the article, showing a bldg with their logo and name on it, is in Virginia, not here. And the employees based in San Francis aren’t being terminated, rather they are being made remote workers.
Like nearly everything else about the current administration, it’s yet another ginned up controversy to get their gullible base to think they are somehow “winning” when it’s actually nothing other than them not renting a few flooes of an office building.
Tons of companies doing this. Not news.
Most of Fannie Mae and Freddie Mac are in DC/Virginia – this is irrelevant. Also, they used to be public and traded between $30-60 per share but the GOP (Bush) pulled them into a quasi government status, which reduced them to penny stocks to use their revenue to hide a growing deficit. So much for GOP driving the free market.
Moving from a state of makers to a state of takers.
(I know, unkind)
Cool. Fewer cars on the road.
Bye.
Imagine spending so much time demonizing treating other people with other beliefs, perspectives and needs with respect.
Meanwhile, the rich stay rich and getting richer.
Good luck finding finance peeps in bama
Good luck getting your employees to move to Alabama.
boy, i can’t wait until the american taxpayers have to write another insanely sized check to Fannie Mae AGAIN to rectify ANOTHER of their fuckups.
There is no such thing as woke
Is it anti-woke to cause a financial crisis?
Don’t let our booming economy and educated workforce hit your ass on the way out.
Well there’s a very good reason why no normal, private owned company would willingly locate itself in ala-fucking-bama.
Ok, bye.
Fannie Mea also kicked Whoopi Goldberg out of their restaurant because they were sick of all that woke.
They should move to that Nebraska town that is losing one in three jobs
Fanny means vagina in Australia/UK btw.
And by moving “to the South”, they mean moving east. That is how cardinal directions work.
Look, they JUST got math down there and they really want to show off their Guzintahs.
Don’t let the door hit you on the Fannie on the way out.
Aka, let’s get everyone to quit because they will not move with.
Math and finance are woke.
Great. Those towns will turn purple in the maps. There probably won’t have qualified people there so they either going to pay the people from
Cali to move there or get more transplants.
This has happened in Texas