The Untouchable Profits of Fannie Mae and Freddie Mac

Reads like a tug of war, but seem that we are passing the tipping point.  Crony Capitalism is being exposed step by step.

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  • commented 2014-02-17 04:50:44 -0800
    Question for experts.

    The 2012 Third Amendment directs all future earnings to the US Treasury, effectively giving the US government a 100% ownership interest. When then should we expect to see both GSEs consolidated on to the balance sheet of the US government? What have the auditors PriceWaterhouseCoopers (FMCC) and Deliotte (FNMA) given as guidance?