Shocking Video Unearthed Dems Covering up Fannie Mae, Freddie Mac Scam

[hvactec]

[ame=http://www.youtube.com/watch?v=_MGT_cSi7Rs]‪Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis‬‏ - YouTube[/ame]

 

[Oddball]

Neither shocking nor anything new.....That video has been around for quite awhile.

 

[waltky]

Fannie Mae still losin' big money...

Fannie Mae posts more big losses
WASHINGTON, Aug. 6,`11 (UPI) -- Fannie Mae posted a $2.9 billion net loss for the second quarter and has now had losses in 15 of the last 16 quarters, U.S. officials said.

The government-backed mortgage agency will ask the U.S. government for another $2.8 billion in bailout funds after it makes its quarterly dividend payments to the Treasury, The Wall Street Journal reported Saturday. Since being taken over by the government three years ago, Fannie Mae has required $104 billion in aid, but financial experts said once the glut of foreclosed homes is cleared things should start turning around.

"You're getting delinquencies down, but as they work those assets through the foreclosure process, the losses could continue … for another year or two," said Paul Miller, analyst at FBR Capital Markets. Fannie Mae owned about 136,000 properties at the end of June. Officials at the agency said the majority of its losses resulted from loans made between 2005 and 2008.

New loans are more secure because of tightened loan standards, said Susan McFarland, Fannie Mae's chief executive officer. "We feel very good about the new book," McFarland said. "Its performance gets masked by the effects of working through the legacy book."

Read more: Fannie Mae posts more big losses - UPI.com

 

[Full-Auto]

‪Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis‬‏ - YouTube

Had to stop watching the video. Liars, that be democrats, simply disgust me.

Then repubs unable to start reform jump on the band wagon. No prosecutions but billion upon billion gone.

 

[Trajan]

read gretchen morgenstern's reckless endangerment, don't run out the lights

 

[Full-Auto]

read gretchen morgenstern's reckless endangerment, don't run out the lights

Wrote it down, thanks.

 

[theHawk]

Great video. Shows how Democrats refuse to look at facts.

 

[blastoff]

Thought I saw a headline in the past few days that Fannie needs another $5 - 6 Billion taxpayer dollars?