Freddie Mac-No Politics (FMCC)

[955]

Lockhart stuffed FnF full of non-cash accounting losses was the time accountants switched to "Mark-To-Market" accounting trickery/fraud because that was the only way to make them appear insolvent. Coordinated SHAM by Paulson, ex-GS chief, in concert with explosion in derivative bets on MBS value appreciation to bring the house down. Now, in 2024, derivatives are once again out of control setting us on a path toward total financial collapse in an effort to force everyone to CBDC.


Interesting to note Gary Gensler now head of SEC where he continues to carry out policies destructive to US interests.

Rodney5

Re: CNorris2 post# 780829

Thursday, 01/04/2024 9:48:45 AM

Our friend KT admitted it was stealing.

Kthomp Quote: "Yes, the companies were adequately capitalized when they were put into conservatorship. Shortly thereafter, when Lockhart stuffed FnF full of non-cash accounting losses, they went balance sheet insolvent. None of that has made a bit of difference in court so far." End of Quote

Note: "so far"

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