"The federal government is currently seizing the substantial profits (of the GSEs), taking for...

|By:, SA News Editor

"The federal government is currently seizing the substantial profits (of the GSEs), taking for itself the property and potential gains of private investors the government induced to help prop up (Fannie Mae FNMA.OB and Freddie Mac FMCC.OB), writes Ted Olson, explaining why he sued on behalf of Perry Capital to stop the practice. Current estimates suggest the government will recover $51B more than it invested over the next decade.