Posted on 08/09/2017 3:06:24 PM PDT by Lorianne
see link in post below
Take it out of obama’s retirement pay
Up to the amount stolen to subsidize obamacare
Shoot, we can print as much money as we need to.
Alan Greenspan said so.
Extract the money from the bank accounts of Bush, Clinton and Obama.
The 3 most evil people the Republic has known who collectively destroyed our economy
perhaps Chuckie “write a memo collapsing banks” Schumer could hit his liberal buddies up for the funding - the ones that made a killing in the last housing crash
Add Chris Dodd and Barney Frank's retirement pay to that list.
Hey Freddie/Frannie, I’ve got an idea. Stop supporting ANY loan except for the most credit worthy. I know, that’s a strange idea but just try it for a few years and then repeat your stress tests. And guess what, the results will be MUCH better.
Fed Gov stole: over 100 Billion dollars for FNMA...
To pay for Obama Care
By Matt Taibbi
July 25, 2017 As of today, Fannie and Freddie have paid $130 billion to the government above and beyond its original rescue, at least according to some calculations. The ongoing seizure of such gigantic sums continues to be one of the weirder subplots of the post-crash era, and these newly released documents only add to the mystery.
Oh yeah, I forgot about that. They need to also cease that CORRUPT backdoor funding of Obamacare.
“Hey Freddie/Frannie, I’ve got an idea. Stop supporting ANY loan except for the most credit worthy. I know, that’s a strange idea but just try it for a few years and then repeat your stress tests. And guess what, the results will be MUCH better.”
Since the bailout they have generated over $250 billion in dividends to the government outweighing the bailout amount plus the amount needed for the stress test conditions which are very unlikely to occur..
Don’t forget the first Bush. I know if two people who would have left America if their chutes hadn’t opened.
NO!
It’s way past time to end these scams.
This concept is a scheme left over from the New Deal and the Great Depression that has become a scam.
The business of government backed mortgage securities is now used as a vehicle for the government to redistribute wealth through the back door.
Leave the mortgage market to private lenders without the promise of taxpayer bailouts and these hundred billion dollar loses will disappear.
Fannie Mae has been a publicly traded company for almost 50 years so cut it loose and let it sink or swim on its own.
Shut Freddie Mac down and slowly sell off or write off assets.
The three do not hold a candle to the Evil of FDR.
Read
The Forgotten Man: A New History of the Great Depression .
FDR is at least as responsible for our present ills as your three minor demons, probably more.
IF FDR had not have bent the USSC to his will in the 1930s none this would be possible.
Had FDR not have taken us off the gold standard none of this would have been possible.
Had not FDR and his propaganda machine not brainwashed the public in to believing that government was an all-powerful savior of the common man none of this would have been possible.
FDR set the stage for all of those statist that followed him. He is the Great Father of Socialism in this country.
I don’t know why we would bail out Fannie and Freddie. They don’t accept deposits so there would be no run on the bank. People who relied on their credit would be hurt but that’s a risk they took.
Hey, the LAST time some bank did that (WF) they were sued for not giving enough loans to minorities. Then to compensate, they started giving more loans to minorities and were sued for being “predatory” toward minorities. Can’t win.
They were taken over by the federal government.
So? Let them go under.
Ninety per cent of mortgages are backed by F&F. The federal government owns eighty percent of the stock. The federal government takes all of the interest revenue by F&F. It’s been a cash cow for the Treasury.
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