Fannie May made $10.1 billion in the last quarter, the US government who bailed them out takes 100% of the earnings as a partial payoff.
The bondholders of Fannie Mae are without any power as a rule change was forced onto the publicly listed company FNMA where instead of a longer term payoff of apprx 10% of earnings to now 100%.
What kind of anti capitalism is that?
Anyone who offers a loan in the real world offer reasonable pay back terms.
I dont understand what is happening to this country, but it aint good.
more here:
http://dealbook.nytimes.com/2013/07/...fanniemae&_r=0