Why isn't someone arguing for payback of ALL the SETTLEMENT money collected by the Govt from the banks? Wasn't the total over $20 BILLION or more? Fannie and Freddie were DEFRAUDED by all these banks who sold FRAUDULENT Loans to F and F, but then the $5 Billion here, $7 Billion there, etc. etc. went directly to Treasury??
This is a can of worms that should be opened up and pushed as a first step in re-building capital. Just like the net worth swipe, the govt gets 100% of F and F profit, with no 20.1% of the profit going back to the company's or shareholders.
Why did 100% of the settlement money go to Treasury and none of it back to the two companies that were specifically harmed by the fraudulent activities of these banks???
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