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Investors Unite Executive Director Tim Pagliara Issues Statement on Freddie Mac Q1 Earnings

FOR IMMEDIATE RELEASE                                                                                                                                                  

May 3, 2016 

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Investors Unite Executive Director Tim Pagliara Issues Statement on Freddie Mac Q1 Earnings

Washington, D.C. – In response to Freddie Mac’s Q1 earnings announcement, Tim Pagliara, Investors Unite Executive Director, issued the following the statement:

“By stripping Fannie Mae and Freddie Mac of 100% of their profits every quarter since 2012, the Treasury Department put taxpayers on the hook for any future losses by either of the companies, and we’re now seeing this play out in real-time.  It’s time to reverse the sweep and to protect the taxpayers by allowing these companies to begin rebuilding capital.”

About Investors Unite: Formed by Tennessee investor and CapWealth Advisors Chairman and CEO, Tim Pagliara, Investors Unite (investorsunite.org) is a coalition of over 1,500 private investors from all walks of life, committed to the preservation of shareholder rights for all invested in Fannie Mae and Freddie Mac. The coalition works to educate shareholders and lawmakers on the importance of adopting GSE reform that fully respects the legal rights of Fannie Mae and Freddie Mac shareholders and offers full restitution on investments. 

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