Fannie Mae-No Politics (FNMA)

[Rodney5]

Fannie Mae and Freddie Mac sent tons and tons of money to the Treasury Department above the 10% Dividend.

The Net Worth Sweep!

When all the money was swept into the dark hole of the Treasury nothing left over to pay down the Liquidation Preference, redeem the Senior Preferred Stock. The Companies could have applied the overage of the 10% to the pay down and turned to the Equity Market Secondary IPO and the commitment from the Treasury would have been of no value. No need for the Treasury to continue the commitment.