Fannie Mae-No Politics (FNMA)

[jeddiemack]

in a business to business loan ...

the interest rate can be what ever you agree to

in the business to consumer (individual) there are usury laws.

Had the loans been allowed to be repaid at reasonable rates in place at the time ... loans that were never needed... but shoved at the twins ... they'd have been fully repaid and massive equity on the books of the two.

Better yet ... had the loans never been forced on them... had they been able to act independently, they'd have been massively profitable and the country would be in a much better place today.

What gets me... is they say... fhfa can do what ever it wants as n the "best nterest of the public it serves" without paying for the privilege of using the resoureces taken from private individuals to serve the public interest. ie.. the judges have said do whatever.. but ignore the whatever with what is not theirs to use since its not been paid for.

What i'd like them to do is pay for what tools they've taken ... $150/share would be a good starting point.