Replies to post #117754 on Fannie Mae-No Politics (FNMA)

[Digra Ive]

40B Monthly !!!!
Since 14'th of Sept, Fed counted around $500B of MBS which will potentially generate much more money.
They have rapped $146B in dividends and owns around 80% of FnF.
In case they sell partial stack of owning shares to some private institutions......... It will tap in Treasury basket hundreds of billion dollars and it much more then they spend on GSEs to take both under C-ship.

Last Sept. 14, the Fed increased its purchases of MBS to $40 billion a month in its third round of large-scale bond more in an attempt to support the housing recovery and boost economic growth.

http://www.reuters.com/article/2013/08/29/markets-mortgages-fed-idUSL2N0GU1TE20130829?type=companyNews&feedType=RSS&feedName=companyNews&rpc=43

[patoja76]

You hit the nail on the head....see my post 117564
It's a great move.....meanwhile they have time to wash Mrs. Justice's face with all of bills, crowing in the Congress, Senate and the media to defend the rights of the folks...
&¥#%+\". CIRCUS NEW SEASON STARTING NEXT SEPTEMBER!!!!!!!
GLTY