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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: Wade who wrote (43202)4/28/2013 9:31:59 PM
From: Jacob Snyder  Read Replies (1) of 48092
 
< are these in US public debts or are private debts>

National debt accounting:

The on- or off-balance sheet obligations of the two GSEs (Fannie Mae and Freddie Mac), which are "independent" corporations rather than federal agencies, are just over $5 trillion, a significant amount when compared to the $9.5 trillion of officially reported United States public debt at the time of the takeover. [33] The September 6, 2008 conservatorship and the subsequent planned Treasury infusion of capital support the senior liabilities, subordinated indebtedness, and mortgage guarantees of the two firms. Some observers see this as an effective nationalization of the companies that ultimately places taxpayers at risk for all their liabilities. [34]

The federal government follows specialized accounting standards set by the Federal Accounting Standards Advisory Board. The net exposure to taxpayers is difficult to determine... ...White House Budget Director Jim Nussle, on September 12, 2008 indicated their budget plans would not incorporate the GSE debt into the budget because of the temporary nature of the conservator intervention.
en.wikipedia.org

As of August 2012, Fannie Mae and Freddie Mac have drawn $190 billion in aid and paid $46 billion in dividends since being taken over by U.S. regulators in 2008. The government still owns 79.9% of their stock. bloomberg.com
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