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Friday, July 07, 2017 11:09:21 AM
Fannie Mae and Freddie Mac need to be released from conservatorship immediately. The forced taxpayer funded bail out has been more than repaid including approximately $65,000,000,000 over and above any funding obligations the government assumed to include taxpayer risk.
This is a higher repayment and the highest gross net profit received from any bail-out during the financial crisis.
FNMA/FMCC have therefore repaid the government and enriched the taxpayer more than every other bail-out combined!!
Having personally purchasing a troubled bank yourself- taking the necessary steps to rehabilitate and return it to profitability - you certainly understand systemic risk and how important the next steps are.
It would be detrimental it to simply do-nothing and or worse - continue to sweep the entire net worth as the preceding President has done.
Recapitalize and release Fannie Mae and Freddie Mac. You know better than most, this must be done to safeguard the American economy and preserve home ownership into the future.
Thank you for your time on this extremely important matter.
Respectfully,
Name (retired law enforcement) not a hedge fund....
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