<span>The United States Constitution gives the government its power on behalf of the people. The Constitution is the supreme law of the land with power of the states. </span>
<span>Such bonds are called
"agency bonds".
</span>
U.S. Treasury
and municipal
bonds are those which are guaranteed as opposed to the agency bonds
which are issued by a government agency. Some examples of such
agencies are like Fannie Mae, Freddie Mac, Sallie Mae and the Federal Home Loan Banks.<span>
</span>
