Gretchen Morgenson | The Untouchable Profits of Fannie Mae and Freddie Mac

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Gretchen Morgenson | The Untouchable Profits of Fannie Mae and Freddie Mac

Gretchen Morgenson | The Untouchable Profits of Fannie Mae and Freddie Mac

The memo that Fannie and Freddie stockholders never got–no future profits for you. Ever!

 

NYT –

Would you buy stock in a company that barred you from sharing in its future earnings? Of course not. Participating in the upside is what stock ownership is all about.

And yet, as of December 2010, holders of Fannie Mae and Freddie Mac common stock were subject to such a restriction by the United States government. They didn’t know it at the time, though, because the policy was not disclosed.

This month, an internal United States Treasury memo that outlined this restriction came up at a forum in Washington.

[NEW YORK TIMES]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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2 Responses to “Gretchen Morgenson | The Untouchable Profits of Fannie Mae and Freddie Mac”

  1. Sarah says:

    Strange. A lot of people had their futures forever changed once Fannie Mae took their homes and put their funiture on the street. You’d think once Fannie got profitable again they could send a card of thanks or something. “Sorry your family was the victim of a preventable tragedy, be a happy tax payer, remember, we paid you back!”

  2. Charles Reed says:

    You cannot comment anymore on Gretchen articles. So much at first was miss reported including Ms. Morgenson reporting. They did not allowed those of us who had a lot of knowledge not to be heard, and just maybe the reason they are holding back this money is because of lawsuit yet to come for all the illegal foreclosed by the two agencies!

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