Obama Looted Fannie Mae and Freddie Mac

[longknife]

This shouldn’t surprise anyone.

In 2012, the Obama administration came up with a plan to divert those profits to the Treasury that became known as the Net Worth Sweep. Officials said the profits had to be diverted back into the Treasury because Fannie and Freddie were in a “death spiral” and would have to return for loans, and this money would be used for those loans. In other words, Treasury would take all the profits from Fannie and Freddie and hold them for future loans when they again found themselves in trouble.

Full story @ Articles: Obama Looted Fannie Mae and Freddie Mac

 

[BlackFlag]

Wow now republicans are saying that it was THE BANKS that were really the victims!

Christ, are people in this country really THIS stupid?! Maybe it's time we go the way of Rome. Good grief.

 

[LeftofLeft]

Fannie and Freddie were always tils for the Democrats.....so much so, Barney Frank fought vehemently against increase oversight and controls. Why did Democrats want more control over the banks yet fought against the same control over Fannie and Freddie.

 

[gipper]

We will be reading about corruption in the Big Ears administration for many years to come.

Of course the billionaire class DNC media won't be reporting it.

 

[Toddsterpatriot]

Wow now republicans are saying that it was THE BANKS that were really the victims!

Christ, are people in this country really THIS stupid?! Maybe it's time we go the way of Rome. Good grief.

Wow now republicans are saying that it was THE BANKS that were really the victims!

Fannie and Freddie are banks?

Christ, are people in this country really THIS stupid?!

You are.

 

[thetor]

Wow now republicans are saying that it was THE BANKS that were really the victims!

Christ, are people in this country really THIS stupid?! Maybe it's time we go the way of Rome. Good grief.

Wow now republicans are saying that it was THE BANKS that were really the victims!

Fannie and Freddie are banks?

Christ, are people in this country really THIS stupid?!

You are.

So R U Dickhead

 

[longknife]

Wow now republicans are saying that it was THE BANKS that were really the victims!

Christ, are people in this country really THIS stupid?! Maybe it's time we go the way of Rome. Good grief.

Wow now republicans are saying that it was THE BANKS that were really the victims!

Fannie and Freddie are banks?

Christ, are people in this country really THIS stupid?!

You are.

So R U Dickhead

Some posters have retarded reading abilities

 

[thetor]

Wow now republicans are saying that it was THE BANKS that were really the victims!

Christ, are people in this country really THIS stupid?! Maybe it's time we go the way of Rome. Good grief.

Wow now republicans are saying that it was THE BANKS that were really the victims!

Fannie and Freddie are banks?

Christ, are people in this country really THIS stupid?!

You are.

So R U Dickhead

Some posters have retarded reading abilities

I know,because U R One of them,clearly.Dickhead

 

[washamericom]

when's the next democrat inspired/crafted housing meltdown gonna be ?