Fannie Mae-No Politics (FNMA)

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What a bunch of wolves...the links below confirm my worst suspicions:

So, initially the government was supposed to receive yearly dividends of 10% on the total bailout. So, since the bailout was ~100B (for both GSEs), the fed would expect 10% of that per year, or $10B. Because Fannie/Freddie were not profitable for the first several years of conservatorship, they actually had to withdraw more money from the fed to make those dividend payments.

Fast forward to Aug 2012 (~10 months ago). A decision was made to forego the 10% dividend payment and instead do a "quarterly sweep of every dollar of profit going forward".

Interesting that just before they began posting profits these changes were enacted. I'm sure they damn well knew that Fannie was about to blow up and have been enjoying the fat paydays since, with no immediate plans for change. Even more fuel to the fire for petition signing!

Right from the source: US Treasury

Npr story stating dividends don't count as repayment

FANTASTIC seeking alpha article echoing the petition

Bailout tracker