Replies to post #241673 on Fannie Mae-No Politics (FNMA)

[JohnCM]

Makes me sick ...

"When it became clear in 2012 that the GSEs were going to begin to generate massive profits, the government made the fateful decision to do the unthinkable. They hastily crafted a ploy to divert all of Fannie and Freddies profits right into the treasury.They amended the terms to change the dividend from 10 percent to become all of Fannie and Freddies profits."