Fannie Mae that is.
After the next government payout, Fannie Mae’s borrowings will carry an annual dividend cost of $7.6 billion, which the company said it will repay by borrowing more money from the Treasury. “This amount exceeds our reported annual net income for all but one of the last eight years, in most cases by a significant margin,” the company said.
What’s wrong with this picture? Foreshadowing of issues to come with Social Security and Medicare.
Why is the solution bigger, more controlling, stifling government?
