Fannie Mae Preferred S (FNMAS)

[stockanalyze]

"But shortly after Congress approved the plan, the Treasury Department shifted gears in a major way. Instead of buying up “toxic” mortgages, the government would now basically give the money directly to the nation’s largest banks."

“I want to know whether Congress was lied to,” Issa demanded of a somewhat flustered Kashkari during a memorable hearing.

Kashkari and the rest of the Treasury Department argued that the direct stock purchases were the better way to unfreeze the markets quickly.

really? and put fannie and freddie under C ship? i thought they were going to buy toxic mortgages, that is why they got the money. you should watch the vido too where isa grills the guy who worked for paulson.

http://ww2.kqed.org/news/2014/10/21/why-kashkari-is-proud-of-tarp-doesnt-trumpet-it