Fannie Mae-No Politics (FNMA)

[Always wondering]

1:41 – In 2012, the housing market had recovered and Fannie and Freddie had returned to eye-popping profitability. The government knew this. Losses were going to be reversed. Within two weeks of the time that Fannie and Freddie became profitable on a record basis, the government decided the original deal was no longer good enough. Not just 10% interest and 80% of the equity.

1:42 – Cooper says that Treasury stated publicly. These actions are to ensure that every dollar of earnings would be used to benefit taxpayers and Fannie and Freddie would not be allowed to retain earnings and return to the market in their current form.