Fannie Mae-No Politics (FNMA)

[redsox17]

CAN SOMEBODY CONFIRM THIS INFO Taxpayers Have Made 48 Billion Dollars on the Fannie and Freddie Bail-out

Confusion surrounding the real payoff amount for the FnF bail-out is evident in the articles claiming that the payments from Fannie Mae and Freddie Mac are equal to the amount of money that the taxpayers gave them. The real numbers show the taxpayers have made a profit of 48 billion dollars above their total investment of approx 137 billion in the two companies. Up until the third quarter of 2012 there was a 10 percent dividend on the senior preferred stock. This dividend was eliminated and changed to a complete profit sweep. At the time the change was made the taxpayers had very little principle at risk that was left to be paid. Most of the recent payments are the profit portion of the original agreement. It is unclear what the actual compounded return on investment is for the government without the accumulation of the 10 percent dividend currently. My guess is that if you calculated it from 2008 to now the total taxpayer percentage return is about 8 percent. Which I believe is pretty good. But it's not a break even bail-out. Make comments in as many of the news articles as possible with this information. Copy and paste if you don't feel like writing it out. They need to know that their articles aren't accurate and when they figure it out it can only help us. Less