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  • Comment Detail

  • Date: 10/17/17
    First Name: Frank
    Last Name: Geremia
    Email: frankgeremia@pacbell.net
    Organization Type: N/A
    Organization: Individual Investor

  • Comment

    I am a long time Preferred Stockholder of both Fannie Mae and Freddie Mac. The Government appears to be involved in an orchestrated effort to confiscate the Assets on both companies when in fact the FHFA’s Charter is to Conserve the Assets and return the Companies in a safe and sound condition. The one sided agreement to collect all profits in lieu of the 10% interest defies all basic business and legal principles and reflects badly upon our Government Reputation and Ethics. It is time to end the Net Worth Sweep and stick to the Agreement to release the Companies in a sound and solvent condition. The private market can easily recapitalize the Companies so they can continue to properly serve our Nation’s Housing Finance System as they have for many decades.
    Respectfully Submitted,
    Frank Geremia