Tuesday, October 22, 2024 4:13:25 PM
Ill simplify the crash and dump. Housing dumped because people went underwater with loans, prices went down, interest rates went up, and the balloon mortgages ended up with millions only paying the interest on the loan, nothing on the principle, so they just walked away in some cases. banks started the great Repo on Houses, cars, boats, etc, liquidity dried up, brokerage accounts were drying up, Paulson needed somewhere to dump all the bad debt from Banks somewhere. Bernie Madeoff with the money crazy eddy daze. Even though many sources reported the GSEs very liquid, just weeks before hostile takeover. so they took over GSEs and dumped their bad debt into it. this is Absolute Truth, anything else is a complete lie. They figured GSEs could never recover, but guess what, they started to show a profit in 2012, oh no said Treasury, Im gonna have to do sumthin, so they started stealing all the profits with their new deal with themselves, and never looked back until circuit court ruling, then SM and MC said oh no, thats not good, so they let them keep profits cause they knew their days were numbered. Then Ps took them to Supreme court, and with laser focus (as KTCarneyClowns stated), they completely missed the mark. so SM knew he again had the upper hand and MC thought he could play with cats in his FHFA office for years to come. then of course while SM was pumping his mutual funds to the Middle east countries before he left office, he threw a note on to MC desk on the way out that now enabled the death spiral financing. which in itself violated HERA marching orders of conserve and preserve. Here we are, nobody knows nutin anymore cause they fabricate the past present and future with all kinds of Cato this and Recievership that, and all the failures of the GSEs even when they have 600 people looking at each others tatoos talkin on their phones all day long while GSEs are still to this day making billions every Q.
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