FDIC Accused Of Insider Trading As Fannie Mae Saga Ramps Up

Allegations that the US Treasury Department and the Federal Housing Finance Agency (FHFA) acted in bad faith when they began the full income sweeps of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) turned to fraud accusation when a memo surfaced showing that the government had no intention of ever sharing profits with shareholders. Now people are asking if the Federal Deposit Insurance Corporation (FDIC) knew about the policy when it sold off large blocks of its shares in the two government sponsored enterprises (GSE) in 2011. Questions surround FDIC sales “We…