Fannie and Freddie, the $5 Trillion Gorillas the U.S. Just Can’t Kill

Categorized | STOP FORECLOSURE FRAUD

Fannie and Freddie, the $5 Trillion Gorillas the U.S. Just Can’t Kill

Fannie and Freddie, the $5 Trillion Gorillas the U.S. Just Can’t Kill

Kill them and you also kill the ponzie shell game for the banks that you pay when you bail them out.


Bloomberg-

If there’s such a thing as too big to fail, no one qualifies more clearly than Fannie Mae and Freddie Mac. Together the two agencies own or guarantee more than $5 trillion in mortgages. After they were taken over by the government, the consensus was that we’re certainly not going to let the government take the risk of losses on the entire mortgage market again.

Not so fast. Bloomberg’s Clea Benson today reports that the government is trying to figure out what to do with the substantial profits collected by Fannie and Freddie. The two have now given back $50 billion to the government out of $187.5 billion in bailout costs. The question is how the government plans to run a profitable business that it never wanted to be in.

[BLOOMBERG]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8610 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

4 Responses to “Fannie and Freddie, the $5 Trillion Gorillas the U.S. Just Can’t Kill”

  1. Freddie and Fannie shell game and the MERS shell game are why we are in this mess blessed by the banks until they got caught, Freddie and Fannie are as much a part of this ponzie con game as MERS and the banks are.

  2. For some unknown reason Shawn Newmans artile clicking to the policy letter from Fannie and Freddie stating it is their policy not to accept notes. Is missing from the web sites now. Or I would pull it up for you.

  3. Sarah says:

    This is an appallingly simplistic op-ed. Absolute crap. ‘Yes, no reason to be obsessed with TBTF, see it wasn’t like the 1930s.’ Total blather. More trash: “For one thing, most of the bailouts consisted of loans on which the government and taxpayers will earn a profit. And the bailouts were, in general, the least bad of all possible options. ”

    This is huge lie, continously repeated, and essentially meaningless.
    By the way, what are the “taxpayers” to these FIRE sector cheerleaders? Some kind of business unit or mechanism that turns a profit? Tell that to people out of their homes, and many more still looking for work.

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives