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  • Comment Detail

  • Date: 05/08/17
    First Name: John
    Last Name: Mitch
    Email: mitchj@nationwide.com
    Organization Type: fannie mae
    Organization: N/A

  • Comment

    1) All money collected by the Treasury from Fannie Mae, Freddie Mac and any TBTF bank lawsuits; Treasure to keep.
    2) Treasury return 79.9% Preferred Stock (Warrants) back to Fannie Mae and Freddie Mac.
    3) Fannie Mae and Freddie Mac to use 79.9% (5 billion shares) of returned P.Stock to
    A) 20% to Recapitalize companies
    B) 20% towards Affordable Housing & Community Investment
    C) 10% Home Affordable Refinace Program
    D) 10% NSI
    4) Release Fannie Mae and Freddie Mac back into private sector.
    5) Government semi quasi back stop for funds already collected and also set tight standards and monitor for Fannie Mae for continued growth and service. Shareholders regain stock share value and possible future dividends.

    By giving back warrants to Fannie Mae, Fannie Mae can recapitalize and be released back into private sector using 1/3 warrents. Two-Thirds 2/3 of warrants would be used for Under served Markets Plans. Treasury gets to keep billions of collected revenue (3rd amendment) and shareholders could continue to invest into retirement funds.