How do you feel about Fannie Mae and Freddie Mac continuing to donate to charity after being bailed out?
“Fannie Mae and Freddie Mac, the troubled mortgage giants that were recently taken over by the government, are expected to continue donating to charity, the Federal Housing Finance Agency has assured nonprofit groups in the Washington metropolitan area.”
http://philanthropy.com/news/government/index.php?id=5984
Well, it’s better than AIG’s $400,000 spa vacations, I guess.
The terms of their bailout specifically prohibit them from giving charitable contributions.
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