[dirtboy]

Wow, they’ve paid back less than a third of what they sucked out of the Treasury. And the only reason they are profitable is because the Fed is printing so much money, hosing savers and driving up the cost of living.

Color me unimpressed.

[Vigilanteman]

Not to mention they've pretty much driven all of their competitors out of business, except as a facade to distribute and administer loans. I was able to get a refi last year at 2.75%, which was, of course, very nice. But the closing costs included a nice big chunk of change which the bank had to fork over to Fannie for the privilege of rewriting my loan.

It is nice to be in a business where you can force your competitors to add costs to your customers for the privilege of being allowed to do business.