InvestorsHub Logo
Followers 14
Posts 1133
Boards Moderated 0
Alias Born 02/26/2016

Re: 955 post# 721357

Thursday, 05/19/2022 1:06:38 PM

Thursday, May 19, 2022 1:06:38 PM

Post# of 792717
And after all this Fannie and Freddie repaid everything. It is time FHFA
acknowledge this.


In continuation, look at the opening statement of SCOTUS ruling:

Quote:
Fannie Mae and Freddie Mac are two of the Nation’s
leading sources of mortgage financing. When the housing crisis hit in 2008, the companies suffered significant losses, and many feared that their troubling financial condition would imperil the national economy.

The "significant losses" the GSE's suffered were the $40 BILLION per month CRAP alt-A, subprime, no-Doc mortgages that F&F were FORCED to buy from TBTF banks to prevent a global financial meltdown, mortgages that TBTF banks made at their own choosing. It was NOT the GSE's that suffered significant losses, but rather the TBTF banks. SCOTUS simply glossed over this fact in their ruling at shareholders expense.

https://www.supremecourt.gov/opinions/20pdf/19-422_k537.pdf

The GSE's saved the world from global financial meltdown, a meltdown caused by reckless housing policies of our elite politicians in Washington on both sides of the aisle. A cover-up of massive proportions.