Fannie Mae to Cut Quarterly Dividend by 30% to Conserve Capital

Fannie Mae to Cut Quarterly Dividend by 30% to Conserve Capital. 

 

And Angelo Mozilo wanted the GSEs Freddie and Fannie to help Countrywide!  Yeah right!

 

He is already getting help from FHLB who is loaning Countrywide $51 billion with junk collateral.  Now he wants the GSEs to help Countrywide while he dumps the shares. 

 

Time to cut Countrywide Dividend!