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  • Comment Detail

  • Date: 12/23/14
    First Name: joe
    Last Name: johnson
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA73

  • Comment

    I don't believe a company that is 100% shareholder owned should give money to a charity before paying shareholders a dividend. If a company has zero in retained earnings, how can it give money to a charitable cause? This does not make sense. If Fannie Mae and Freddie Mac were released from conservatorship and were able to keep their own profits, then it would be fine to fund the affordable housing fund. Treasury does not own Fannie Mae and Freddie Mac the shareholders do. This is just like a homeless guy giving his last dollar to a charity. Fannie Mae and Freddie Mac are shareholder owned companies that need to be released from conservatorship so tax payers are off the hook for any future losses. As long as the conservatorship remains taxpayers are on the hook for 250 billion. we are a nation that needs to obey property rights and 6 years of conservatorship is long enough. If the Treasury would like to purchase Fannie Mae and Freddie Mac then make an offer otherwise these companies need to be released to their rightful owners. And those same owners (the shareholders) can decide if they would like to give away money to charitable cause.