The gov created these companies is true. But gov sold their interest to keep Viernam War going. They sold their interest to public. Get it ? That is the dumbest thing every posted. Cause they created doesn't mean they are entitled to part or all the profits after selling their interest. No such law exsist entitles. But, if it makes you feel better, FnF are paying fed income tax. Gov is entitled to that. But since FnF are paying taxes, why should private shareholders profits be used to pay for affordable housing ? The charter between FnF and gov outline the relationship and duties to gov , in return FNF get something, Maybe that was the non-profit designation enjoyed from inception. FnF not paying taxes is what gives them 1 edge over competitor. Another advantage was their discount on borrowing. There was a reason for these stated advantages in the charter...... Provide liquidity for the banks to allow banks to lend without tying up capital for 30 years. The gov through HUD / Clinton changed the charters to force FnF to assume riskier loans. But, that does not entitle the gov anymore than on income tax.
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