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Fannie Mae and Freddie Mac Just Made Another $1.5 Billion — But Shareholders Won’t See a Dime

The Motley Fool, By Matthew Frankel

Fannie Mae  (NASDAQOTCBB: FNMA  )  and Freddie Mac  (NASDAQOTCBB: FMCC  )  recently reported their 12th consecutive quarterly profit, but thanks to the conditions of their 2008 bailouts none of this money will make its way into shareholders’ pockets.

For the fourth quarter, Fannie Mae and Freddie Mac reported earnings of $1.3 billion and $227 million, respectively. For the year, the agencies produced a combined net income of $21.9 billion.

Read the full article: Fannie Mae and Freddie Mac Just Made Another $1.5 Billion — But Shareholders Won’t See a Dime