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follow errc 2017 Aug 25, 2:36pm
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Will Trump act on FNMA and remove it from conservatorship?
Fannie Mae and Freddie Mac (the GSEs, or "government-sponsored enterprises") were already well past having paid back taxpayer bailouts before this week's earnings releases. Freddie Mac has paid back $36.9 billion more than it drew from taxpayers and the number is $46.6 billion for Fannie Mae. Both have capital buffers at the moment, but those are slated to be drawn down to $0 by the beginning of 2018. Neither the GSEs nor their overseer the FHFA are too thrilled about that.
Mortgages are for CUNTS! and speculators!
It's CASH! or FUCK! YOU! AMERICA!