Freddie Mac-No Politics (FMCC)

[TaperT2]

My Find on the... FDIC share sale

Few noticed when the Federal Deposit Insurance Corp. (FDIC) sold some 31 million preferred shares of Fannie Mae (FNMA_) and Freddie Mac (FMCC_) on three separate dates in spring 2011

U.S. Treasury Department memo unearthed recently as part of the litigation, stating "the [Obama] administration's commitment to "ensure existing common equity holders will not have access to any positive earnings from the G.S.E.'s in the future."


Still, it was never made as plain in public as it was in that internal memo. An investor aware of the memo would have thought much more carefully about holding onto any preferred or common shares.

Sounds just like when Condelisa Rice (the day of 9-11) called the mayor of LA and said to him not to Fly that Day ....
Da Gov is Guiltier then chit.
No Diff also as to why they keep collecting the Billions of dallors Anually on the Fake SS cards