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Re: Patswil post# 279047

Thursday, 01/08/2015 4:38:11 PM

Thursday, January 08, 2015 4:38:11 PM

Post# of 795259
"And that’s why we had the Justice Department fight for buyers who were discriminated against or preyed upon, and we won a settlement that awarded more money to victims in one year than in the previous 23 years combined. (Applause.) That’s why we worked with states to force big banks to repay more than $50 billion to more than 1.5 million borrowers who had been treated wrongly -- and that was the largest lending settlement in history. (Applause.) And that’s why I’ve called on Congress to wind down the government-backed companies known as Fannie Mae and Freddie Mac."

So they got money back from the banks who sold toxic mortgages to FnF. Now they could exit conservatorship. They got the tax payer money back they lent FnF through settlements with the banks. Thats how Im reading this.