Comment on Fannie, Freddie And Citi: The Rise Of The New Government-Sponsored Enterprise

Fannie, Freddie And Citi: The Rise Of The New Government-Sponsored Enterprise

JPMorgan Chase: $3.6 billion in profits in the last quarter. Goldman Sachs: $3.03 billion. Analysts expect a string of sky-high profit announcements to follow from other major Wall Street banks, all of them squirreling that cash away for historic bonus payments to executives. In other words, it's been a good year for government-sponsored enterprises -- known in the industry as GSEs.

 

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