Freddie Mac (FMCC)

[955]

Barron is correct. Treasury was never authorized to provide a $200 Billion debt obligation funded by taxpayers. Charter Act, section 304 is the governing statute in this matter. Charter Act goes out of its way to make very clear throughout section 304 that US does NOT fund debt obligations.

The corporation shall
insert appropriate language in all of its obligations issued under this subsection
clearly indicating that such obligations, together with the interest thereon, are
not guaranteed by the United States and do not constitute a debt or obligation of
the United States or of any agency or instrumentality thereof other than the
corporation.

Taxpayers prohibited from funding such obligations.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171186329

https://www.fanniemae.com/about-us/corporate-governance/fannie-mae-charter