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1 posted on 05/21/2016 7:26:36 AM PDT by Lorianne
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To: Lorianne

Once again the Slimes is years late to a story we all know and understand.


2 posted on 05/21/2016 7:40:06 AM PDT by oscar_diggs
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To: Lorianne

The gov’t is just sweeping up the cut hair....


3 posted on 05/21/2016 7:42:36 AM PDT by Paladin2 (Live Free or Die.)
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To: Lorianne

Fannie and Freddie - absent massive government intervention under two presidents - were going to be bankrupt and would have put the country into a depression.

So rather than declaring them bankrupt, which they were soon inevitably going to be, they nationalized them, making explicit in the case of Fannie what had been an “implicit” guarantee.

But there was a catch. Because they never literally went Chapter 11, the equity was never literally deemed worthless.

SO large numbers of hedge funds, including ones that Gretchen used as sources for this article, swooped in to buy the bailed out companies’ still-listed shares knowing that the taxpayer bailout would ultimately return them to profitability and the shares would not be worthless after all.

Although the companies had effectively not only failed but nearly destroyed civilization in doing so, the technical failure of not bankrupting them BEFORE bailing them out has created an opportunity for aggressive traders to use the legal system to make an enormous profit.

Who is right? The courts will decide.


5 posted on 05/21/2016 8:11:35 AM PDT by babble-on
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To: Lorianne

Government under this regime might as well be a mob organization. Nothing but scams, schemes, shakedowns, rackets, and extortion.


8 posted on 05/21/2016 2:57:51 PM PDT by Dr.Deth
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To: Lorianne

Democrats and their forty year drive to give away houses to the poor who couldn’t afford them at taxpayer expense in return for votes = 99 and 44/100th percent the cause of the great 2008 collapse.....


9 posted on 05/21/2016 7:19:02 PM PDT by Intolerant in NJ
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