Freddie Mac (FMCC)

[955]

Yes, 2008 Financial Crisis was by design and intentional to justify placing Fannie & Freddie in a fraudulent CONceivership. Rating Agencies Fitch, Standard & Poors, Moody's were all in on it and incentivised by TBTF banks to give fraudulent AAA ratings to junk securities which were later pushed on Fannie & Freddie. Later, in testimony before Congress, CEO's of these rating agencies stated their ratings were just their opinions and not to be used in financial decisions. WHAT??????? Keep burying those classified docs in your garage/FBI secret vaults!

Bank lobbyist Ken Bentsen jr and Senator Elizabeth Warren drafting financial bills (CONFLICT OF INTEREST!)


Gov colluding with big tech (CONFLICT OF INTEREST!)


Deep State infusion into Gov (CONFLICT OF INTEREST!)

Robert from yahoo bd
Re: 955 post# 746456
Sunday, 01/29/2023 10:57:46 AM

955, I read this paper yesterday (J. Gorsuch listed the paper in Footnote 6 of a Nondelegation opinion) and it gives a great analysis of the federal government agency structure and history, it's a good read over several hours.

Can the Administrative State be Tamed?
Christopher DeMuth
Journal of Legal Analysis, Volume 8, Issue 1, Spring 2016, Pages 121–190, https://doi.org/10.1093/jla/law003
Published: 29 February 2016

https://academic.oup.com/jla/article/8/1/121/1751551

"Another departure, also in financial regulation, was the combined actions of the Department of Housing and Urban Development, several bank regulatory agencies, and the government-sponsored corporations Fannie Mae and Freddie Mac that produced a vast expansion of “nonprime” mortgages to promote homeownership among persons of modest means and members of minority groups. 12 The regulators encouraged banks and other financial institutions to relax traditional mortgage underwriting standards (eliminating down-payment and income-documentation requirements and the like) and to extend these mortgages to borrowers in lower-income and minority communities. Fannie and Freddie subsidized the mortgages (through implicit federal guarantees on their own borrowing) by purchasing them in large numbers, packaging and marketing them as derivative securities (“mortgage-backed securities” or MBSs), and purchasing large quantities of MBSs created by private banks."