Fannie Mae And Freddie Mac's whats behind screen
Aug. 18, 2016 3:28 PM ET | About: Fannie Mae (FNMA) , FMCC Glen Bradford Follow Value, growth at reasonable price, long-term horizon, portfolio strategy Send Message | Glen Bradford's Website Summary Anthony Piszel breach of contract claim is preserved. GSE Preferred Shareholder's breach of contract claim is their strongest claim. This is the one made by Hamish Hume in Appeals Court. The argument that the government made that it can operate the GSEs outside of Delaware law raises more questions than answers. The key to this nationalization is government accounting and inter-agency agreements designed to promote the public perception that the GSEs were losing money when they were making money. The regulator has quietly examined whether it can suspend the payments unilaterally to build up the GSEs’ capital cushion, among other options. Fannie Mae ( OTCQB:FNMA ) and Freddie Mac ( OTCQB:FMCC ) are government-sponsored enter...