Comment Detail
Date: 10/18/17 First Name: Edward Last Name: Moston Email: planesedmost@aol.com Organization Type: N/A Organization: 1947 Comment
In Accordance with FHFA mandate to preserve and conserve the GSE's FNMA and FMCC it's a contradiction that both GSE's have been stripped of reserves and to date continue to pay the US Treasury all profits forever without ever amortizing the principal of some 187 Billion dollars lent to the GSE's in 2008-2009. Both companies been placed in de facto receivership and yet oddly are still publicly traded. Both Companies have fully paid back their original loan plus some 50 billion dollars more.
It's Time Now to respect stake holders rights, follow HERA as mandated and either put the companies in receivership or allow them to build capital reserves in the event that they fail to meet their quarterly numbers and yet again require a Bailout that is totally inexcusable in light of their profits they've relinquished to the Treasury.
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