carlfense Posted February 21, 2014 Share Posted February 21, 2014 Should be in the black next month. At the depths of the economic downturn, the federal government nationalized Fannie Mae and Freddie Mac and continued to make good on their debt obligations via a tremendously expensive and broadly unpopular bailout. But as things calmed down and the housing market started to recover, Fannie and Freddie turned profitable and have been kicking those profits back to the Treasury as dividends. In its latest report, Fannie Mae says it earned $84 billion in 2013, and as Nick Timiraos points out, this means the Treasury will soon be in the black on the bailout: http://www.slate.com/blogs/moneybox/2014/02/21/fannie_freddie_bailout_big_profits.html Link to comment
Junior Posted February 21, 2014 Share Posted February 21, 2014 Should be in the black next month. At the depths of the economic downturn, the federal government nationalized Fannie Mae and Freddie Mac and continued to make good on their debt obligations via a tremendously expensive and broadly unpopular bailout. But as things calmed down and the housing market started to recover, Fannie and Freddie turned profitable and have been kicking those profits back to the Treasury as dividends. In its latest report, Fannie Mae says it earned $84 billion in 2013, and as Nick Timiraos points out, this means the Treasury will soon be in the black on the bailout: http://www.slate.com...ig_profits.html This is all Obama's fault! Link to comment
carlfense Posted February 21, 2014 Author Share Posted February 21, 2014 This is all Obama's fault! I haven't seen Fox cover it yet . . . can't imagine why? Link to comment
BigRedBuster Posted February 21, 2014 Share Posted February 21, 2014 I think in 2009 I purchased stock for Fanny Mae at $1.06 per share. I figured there was no way in hell the government was going to allow this to go totally belly up. Shortly after that, it went totally off the board and I thought I was screwed on my investment. I totally forgot about and figured the investment was lost. Last last year I noticed that it was back on the board. Today's price is $3.30. Hmmm.....I'm reasonably happy with a 209% growth. Now, reading these articles are making me really happy. If the stock price could get anywhere close to something like $30-50 per share.....I will be singing really really really happy tunes. Yep....I"m bragging. Thanks Obama. Link to comment
darkhorse85 Posted February 21, 2014 Share Posted February 21, 2014 This is all Obama's fault! I haven't seen Fox cover it yet . . . can't imagine why? Wasn't this a Bush administration move in 2008 or am I thinking of an entirley different thing? Link to comment
carlfense Posted February 21, 2014 Author Share Posted February 21, 2014 Wasn't this a Bush administration move in 2008 or am I thinking of an entirley different thing? It was. For some reason a certain section of the media hasn't been eager to cover good news (particularly when it's government related good news) over the past 5 years or so. Link to comment
Junior Posted February 21, 2014 Share Posted February 21, 2014 This is all Obama's fault! I haven't seen Fox cover it yet . . . can't imagine why? Wasn't this a Bush administration move in 2008 or am I thinking of an entirley different thing? Hasn't stopped Republicans from calling it Obama's bailout (at least in relation to the auto industry). 1 Link to comment
BigRedBuster Posted February 21, 2014 Share Posted February 21, 2014 At the time I remember having conversations with a lot of Republicans that didn't like either Bush's or Obama's involvement in the bailout. I'm not surprised if Fox has tried to pin it 100% on Obama now but at the time, that wasn't the case. Link to comment
darkhorse85 Posted February 21, 2014 Share Posted February 21, 2014 Wasn't this a Bush administration move in 2008 or am I thinking of an entirley different thing? It was. For some reason a certain section of the media hasn't been eager to cover good news (particularly when it's government related good news) over the past 5 years or so. Just asking a question, bud. I really don't care about your feelings for one news source or another. Link to comment
Junior Posted February 21, 2014 Share Posted February 21, 2014 Wasn't this a Bush administration move in 2008 or am I thinking of an entirley different thing? It was. For some reason a certain section of the media hasn't been eager to cover good news (particularly when it's government related good news) over the past 5 years or so. Just asking a question, bud. I really don't care about your feelings for one news source or another. Who peed in your Cheerios this morning? Link to comment
MLB 51 Posted February 21, 2014 Share Posted February 21, 2014 Wasn't this a Bush administration move in 2008 or am I thinking of an entirley different thing? It was. For some reason a certain section of the media hasn't been eager to cover good news (particularly when it's government related good news) over the past 5 years or so. Just asking a question, bud. I really don't care about your feelings for one news source or another. DUDE GIVES A SIMPLE EXPLANATION, AND YOU TAKE IT TO WHOLE NEW LEVEL OF DICKISHNESS. WOW!! Link to comment
carlfense Posted February 21, 2014 Author Share Posted February 21, 2014 Wasn't this a Bush administration move in 2008 or am I thinking of an entirley different thing? It was. For some reason a certain section of the media hasn't been eager to cover good news (particularly when it's government related good news) over the past 5 years or so. Just asking a question, bud. I really don't care about your feelings for one news source or another. Link to comment
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