Treasury Dept. has revised the deals with Fannie & Freddie such that instead of paying back 10% of what they earn, they will pay back all their profits. Treasury is selling this as getting back taxpayer's money faster. But of course, that's only true if profits exceed 10% of earnings. When there are no profits there is no payback. Action protects Fannie & Freddie from going into receivership where they could/would be restructured.
As I recall some Democrat accused Mitt of being a reverse Robin Hood. That's not true but Tim Geitner is the Sheriff of Nottingham.
