How the Obama Administration Stole Fannie and Freddie

This article originally appeared at National Review’s The Corner. Click here to read the full article.

By Ike Brannon

Last month, the federal government fully extricated itself from its investment in General Motors, selling its remaining shares on the stock market. The government injected almost $50 billion into the company to save it from a bankruptcy process, taking claim to 60 percent of the company’s stock for its troubles. By disposing of the stock over time, it recouped all but $10 billion of that investment.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s