Posted on 03/17/2009 12:16:50 PM PDT by arthurus
...Fannie Mae and Freddie Mac bought as much of this 'enhanced' paper as they could. The yields were great and how could they lose if the likes of AIG were going to guarantee the first loss? In 2006, FNM/FRE were trying to build market share in high risk mortgages. They kept the party going....
(Excerpt) Read more at seekingalpha.com ...
The guy that ran Freddy got 90 million all for himself -
I bet the government cannot even account for more the 165 million in any agency it runs.
This is boob-bait-for-the-bubkis.
It is shameful that the average, public school educated, hourly working man or woman, just trying to pay the bills doesn’t have a clue how they are being screwed by the Washington DC criminal class.
It is shameful that the average, public school educated, hourly working man or woman, just trying to pay the bills doesn’t have a clue how they are being screwed by the Washington DC criminal class.
AIG employee working overtime.
US capital blighted by HIV/Aids
http://news.bbc.co.uk/2/hi/americas/7947443.stm
This whole thing seems planned.
http://freerepublic.com/focus/f-news/2207793/posts
This whole thing seems planned.
http://freerepublic.com/focus/f-news/2207793/posts
0 got his share.
Unfortunately, this is just the beginning.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.