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Alias Born | 08/20/2014 |
Tuesday, September 30, 2014 12:35:19 AM
The case concerns me the most. I am fearful that even though there is strong evidence to win it wont be enough for the court to side against the government. The sweep is wrong. The taking over of Fannie and Freddie was designed to destroy them. There regulators said they were capitalized enough but then the treasury changed the rules to show they were not. In the end they did need help and the government stepped in but the money has been paid back plus interest. They turned a loan into a perpetuity because they want private money to step in. All is needed is for Fannie and Freddie to be changed into these new institutions they do not need to be wound down.
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