Replies to post #509965 on Fannie Mae-No Politics (FNMA)

[chxal]

the settlements should have been kept at Fannie and Freddie, period end of story. Since when are settlements considered "other income"? In the private sector, settlements are non-taxable and are not considered income either, why are these "private" companies treated differently.

If the companies actually had a Board of Directors answerable to the shareholders, this money would have STAYED at the companies..... it was the "govt grab" which they have done since day 1....

Again, more than worthy of a story, expose, in-depth article, etc. etc.

[5bagger]

Other income - nope they never saw a dime

Where'd you get that info from?
If you've seen their financials, each of the $10B plus payments would have stuck out like a sore thumb. Never saw a dime.

[bcde]

Settlements went to GSEs and were reported as Other Income, then paid to Treasury in the form of dividends. If you support the theory that over payments will pay down the senior preferred balance, these settlements helped with that.

Not true. fines and penalties go to ust directly. only compensation for damages go to companies.