Fannie Mae and Freddie Mac Just Made Another $1.5 Billion — But Shareholders Won’t See a Dime
The Motley Fool - February 28, 2015 - March 2, 2015
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.