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Re: Clark6290 post# 400097

Thursday, 03/30/2017 5:35:38 PM

Thursday, March 30, 2017 5:35:38 PM

Post# of 801143
Have you not learned anything from the 2008 financial crisis? TBTF banks are the LAST ones you want in control of housing finance. They are the ones, after all, that issued the FRAUDULENT loans in the crisis.

Financial giants have settled the cases one by one. In January, Goldman Sachs agreed to pay $5.1 billion for shady deals that fueled the crisis. Last year, Morgan Stanley settled for $2.6 billion. In 2013, JPMorgan Chase settled for $13 billion.

http://money.cnn.com/2016/04/08/news/companies/wells-fargo-bad-loans-settlement/index.html

...and there's more!




I am long and know Wells Fargo can do what GSEs do. Have to be realistic, just posting GSEs are only company s that can do this is absurd.