Skip O'Neill – Liberty for All

Ron Paul for A New Direction

Another $3.1B for Freddie Mac and Fannie Mae – When will it end?

leave a comment »

Frannie and Freddie, both government-sponsored enterprises, which own or guarantee more than half of U.S. mortgages, have been sustained by $154 billion in Treasury funds since the takeover. More than $20 billion of that money has been paid back to taxpayers in the form of a 10 percent dividend on the shares owned by Treasury.

The Treasury yesterday released an accounting showing that the companies’ cost to taxpayers is declining as their dividend payments grow. The two companies paid a combined $3.8 billion in the fourth quarter, reducing the net cost to taxpayers to $133.7 billion, The Treasury said.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: