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Sunday, February 22, 2015 11:28:25 AM
"We believe it's smart for us and the U.S. taxpayer to not be overly concerned with quarter-to-quarter ... earnings volatility," he told reporters on a conference call.
So this 3.4 billion allows freddie to keep money it would otherwise send to treasury.
When interest rates go up, freddie will gain on its derivatives.
So are interest rates going up or down in 2015?
Up is the answer and freddie will make money on this bet and keep that money, instead of sending it to Treasury!!
http://finance.yahoo.com/news/freddie-mac-says-
pay-851-135747786.html
http://fanniemaeshareholder.blogspot.com
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