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Post# of 795804
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pablocruize

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pablocruize

Re: mrfence post# 93375

Sunday, 07/21/2013 4:13:05 AM

Sunday, July 21, 2013 4:13:05 AM

Post# of 795804
The FHFA sued 18 banks in 2011, accusing them of violating securities laws by misleading Fannie and Freddie about $200 billion in mortgage-backed securities they purchased.

Read more: http://www.foxbusiness.com/news/2013/07/19/us-appeals-court-will-not-intervene-in-fhfa-lawsuits-vs-banks/#ixzz2ZfJa7qbD


So the 200-B the Treasury had set aside to bail out fannie and freddie can be traced back (partially) to fraudulent MBS passed on from the banks?
So now we want to unwind the GSE's and turn more mortgage liquidity over to the same people?
Doesn't this back up the shareholder lawsuits?
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