Government Restricting Returns To Fannie Mae, Freddie Mac ShareholdersMark Melin
Investors in Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) common stock may have had their fate sealed on December 20, 2010. This is when, unknown to investors, a memo to then-Treasury Secretary Timothy Geithner from the Treasury Department’s Under Secretary for Domestic Finance Jeffrey Goldstein placed restrictions on shareholders receiving earnings from the troubled firms.
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