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Fannie Mae, Freddie Mac: Secret Treasury Documents Leaked

Value Walk

July 30, 2014, By Tim Howard

 

The confidential treasury documents  that were leaked by a firm representing Investors unite today shed more light on the fact that the treasury was well aware that Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) were becoming profitable as early as June 2011.I don’t believe for a minute the anonymous treasury spokesperson who tried to downplay the document by stating “As part of the policy making process, Treasury routinely engages with key stakeholders, market participants and consumer advocates. Treasury did not issue a Request for Proposals, and no contract was awarded.”

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