Volume 14 - Number 4
February 21, 2014
2010 Treasury Memo Cites White House Intent to Sweep GSE Profits
A recently unearthed Treasury Department action memorandum from 2010 makes clear the White Houses commitment to ensuring that common shareholders in Fannie Mae and Freddie Mac should never have access to any positive earnings from the GSEs in the future. The memo, approved by then-Secretary Timothy Geithner, asks that Treasury waive the GSEs periodic commitment fee for 2011.
Subscribers to Inside The GSEs have full access to all its stories and data online. Visitors may become subscribers for full access or may purchase individual articles and data.
Subscriber Log In
If you are a current subscriber or already purchased this article, please login below.
This biweekly covers the housing-related government-sponsored enterprises with experienced, expert analysis.
You can purchase this article for $55.00 without subscribing and always have access to it on insidemortgagefinance.com.
Please contact Customer Service if you need assistance: 1-800-570-5744