The reader must understand that some of the very brightest legal minds have recently accused the Treasury of booking $161 billion in non-cash losses for the bailouts of Fannie Mae (OTCQB:FNMA) and.
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The two largest mortgage guarantors, Fannie Mae and Freddie Mac, will not participate. Fannie and Freddie say reducing the principal is bad for business, and as a result bad for taxpayers. OK, if.
It also must be held by Fannie Mae or Freddie Mac and been sold to one of them. But the fine print says I will get a 1099 on this $100. Does this mean I’d have to pay tax on it? Can they do that? D.
Fannie Mae decided in 1986 to give up its government charter and become a private. 4 A commitment is pledge to acquire (in Fannie's case or originate in. 5 “Fannie Mae's Johnson Says Corporation Ready to Meet Housing.. Freddie Mac] are aggressive and convincing in their efforts to.. 1992 $2 b.
You may have seen two sets of news reports recently that didn’t quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac. $116 billion in taxpayer funds the.
It makes you wonder how exactly did two Fortune 50 companies at their highest levels of capital in history manage to pay the. of tax collectors at the expense of taxpayers who owned the stock to.
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Financial Crisis: The SEC is suing top officers at Fannie Mae and Freddie Mac for not disclosing their true exposure to subprime loans. Maybe. t pay them back. And it imposed "goals" on Fannie and.
Their investors are hoping for more than just a tax cut, regulatory breaks or new government contracts. Traders bidding up shares of Fannie Mae and Freddie Mac are betting on a windfall. not.
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It's all rather confusing verbiage by financial companies to not say directly that the. But when the casino can't pay its losses, they use taxpayer's money for it, out insurance worth $10B on B's debt if B's debt is only $2B in the first place!?. What you're referring to are the Mortgages sold to Fannie Mae and Freddy Mac.