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The Treasury is set to announce as soon as today changes to its backstop of Fannie Mae and...

The Treasury is set to announce as soon as today changes to its backstop of Fannie Mae and Freddie Mac. The new arrangement would have the firms turn over all quarterly profits to the government as dividend payment, with nothing due during periods of losses. Previously, the companies made a 10% dividend payment each quarter - often borrowing from Treasury to pay the Treasury.
Comments (2)
  • What is the source for this note?
    17 Aug 2012, 08:09 AM Reply Like
  • The next time anybody says we don’t already live in a socialist state (with corporations the biggest drawers on the dole) remind me again how we're different in any substantial way from communist China. And pointing to the farce we call elections doesn't count as the Chinese have one of those going on soon too.
    17 Aug 2012, 01:46 PM Reply Like
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