But the likelihood that shareholders will get anything are slim, according to former Massachusetts Rep. Barney Frank.
" "The problem of having a surplus left over in Fannie and Freddie after we've settled all the debts is a problem I'd love to have. I'm skeptical that we will," Frank said in a recent interview with TheStreet .
Please see TheStreet's previous coverage, for much more information on Fannie Mae and Freddie Mac, including:
- Why the preferred shares are a much better deal for investors than the common shares, by the numbers.
- Why some professional investors are sticking with GSE preferred shares, based on the preferred shares' superior position in the event Freddie and Freddie are wound-down or liquidated.
- Why the successful government bailout of American International Group was different from the bailout of the GSEs.
- How the DTA recapture robs one part of the U.S. Treasury to pay another.
- Possible ways forward for the U.S. housing finance market.
-- Written by Shanthi Bharatwaj New York.>Contact by Email. Follow @shavenk