Fannie Mae (FNMA)

[Robert from yahoo bd]

Q: Was Fannie Mae ever included in the S&P 500?

A: Yes, Fannie Mae was included in the S&P 500 index until it was delisted in 2008. Fannie Mae, along with Freddie Mac, faced significant financial difficulties during the subprime mortgage crisis and was placed into conservatorship by the U.S. government in September 2008. As a result, Fannie Mae's stock was delisted from the New York Stock Exchange (NYSE) and removed from the S&P 500 index.

Q: In his letter to Senator Rand Paul what did President Donald Trump say about the August 17, 2012, net Worth Sweep?

A: In his letter to Senator Rand Paul, President Donald Trump criticized the August 17, 2012, net worth sweep, referring to it as a "waste" and highlighting its impact on shareholders of Fannie Mae and Freddie Mac. He argued that the sweep diverted profits from shareholders to the U.S. Treasury and questioned its legality and fairness.

Source: Chatgpt

“From the start, I would have fired former Democrat [sic] Congressman and political hack Mel Watt from his position as Director and would have ordered FHFA to release these companies from conservatorship,” Trump wrote. “My Administration would have also sold the government’s common stock in these companies at a huge profit and fully privatized the companies. The idea that the government can steal money from its citizens is socialism and is a travesty brought to you by the Obama/Biden administration.”

https://www.housingwire.com/articles/trump-comes-to-the-aid-of-gse-investors/