Friday, September 25, 2015

A WHITE PAPER ANALYSIS OF THE TREASURY TAKEOVER OF FANNIE MAE

Adam Spittler CPA, MS Mike Ciklin JD, MBA, MRE G. Stevenson Smith, Ph.D., CPA, CMA

http://www.housingwire.com/ext/resources/files/Editorial/Trey-Files/White-Paper_Treasury-Fannie-Mae-FINAL.pdf

A WHITE PAPER ANALYSIS OF THE
TREASURY TAKEOVER OF FANNIE MAE

The U.S. Treasury has controlled Fannie Mae since 2008 through the Federal Housing
Finance Agency. Today Fannie Mae is a cash generating machine that sends billions of
dollars in quarterly dividends to the Treasury. These business-generated cash flows
provide the Treasury with monies to fund Congressional appropriations and delay the
harsh reality of asking Congress for an increase in the legal debt limit which is a
controversy in itself. Because of the terms of the takeover, Treasury can increase its
dividend payments by simply making a managerial decision to increase their investment
in Fannie Mae and thus increase its cash dividend payments.


AND THAT IS WHAT THEY DID, FANNIE DID NOT NEED THE 117 BILLION TREASURY FORCED ON FANNIE BY USING FHFA AND ACCOUNTING TRICKS TO SHOW LOSS THAT NEVER HAPPENED! SHOW THE PUBLIC THE REAL BOOKS! WE ALREADY KNOW THE TRUTH!