“See that “taxpayers” word in there? Where is my return investment, and every other taxpayer’s return investment for that matter, if I’m not a stockholder or shareholder yet MY money is still being used? “
You mean the taxpayers described here?:
“Freddie Mac is not an agency of the Federal or any state government nor does Freddie Mac receive federal funds. “
Hunh. Imagine that- Freddy Mac’s own website doesn’t know that they are receiving your tax money:
http://www.freddiemac.com/corporate/company_profile/faqs/#BM6_
“6) Is Freddie Mac a government agency?
No. Freddie Mac was chartered by Congress as a private company serving a public mission; however, Freddie Mac is not an agency of the Federal or any state government nor does Freddie Mac receive federal funds. In fact, Freddie Mac is one of the nation’s largest federal taxpayers. Freddie Mac is owned by its shareholders and, like other corporations, is accountable to its shareholders and a board of directors. Freddie Mac’s enabling legislation calls for our Board to have 18 directors, five of whom are to be appointed by the President of the United States. Anyone can own Freddie Mac stock, which is traded under the stock ticker symbol “FRE” on the New York Stock Exchange; in your local newspaper, you’ll see our stock price referenced as “FredMac.”
Now maybe Freddy doesn’t know its own business and Wallison over at AEI knows better. Maybe the taxpayer subsidy is cleverly hidden in their balance sheet. I looked and couldn’t spot it. Maybe you can find what Wallison thinks he found:
http://www.freddiemac.com/investors/ar/2007/14_03.htm
Is Freddie Mac a government agency?
No.
Right, they're a government sponsored entity (GSE), but we've been over that.
It's funny that you use the lying, cheating bastards own website for information.