Fannie Mae-No Politics (FNMA)

[jacklanvo99]

Check this one: http://www.usdebtclock.org/ .Second though GOV. will do what ever to cover "wrong" doing !FnF is a cash cow they have to hold on to it no matter what !


"It could take several months for the three-judge panel in Washington, D.C., to issue a decision on the appeal. Although some shareholders have expressed willingness to discuss a settlement with the government, thus far the government hasn’t been open to that.

Fannie and Freddie were put into a so-called conservatorship in 2008, under the control of the Federal Housing Finance Agency. The U.S. Treasury over time injected $187.5 billion into the firms to keep them afloat and in return received warrants to acquire nearly 80% of the companies’ common stock along with a new class of senior preferred shares that initially paid a 10% dividend.:"http://www.wsj.com/articles/fannie-mae-freddie-mac-shareholders-argue-against-governments-profit-sweep-1460757430