Fannie Mae-No Politics (FNMA)

[401kobessive]

US bond holders to announce profit sweep on Federal Government

Foreign countries holding US debt will announce a profit swept starting in Jan. 2014. All Revenues and profits generated by the US Government will be sweep into a International Fund and distributed to Bond holders on record. This announcement comes at a time when the US Government confirms that profit sweeps are legal and binding if the bond holder agrees to the terms of the profit sweep. This sweep will be much like the sweep that is on going by the FHFA with private corporations Fannie Mae and Freddie Mac. Although the US is a sovereign country it became financially unsustainable during the 2007 downturn and sought help from other countries. Unfortunately, the US government will not be allowed to retain any revenues and will be unable to ever pay off its debt. That said, we have reached a point of quasi indentured servitude nationally. In business news, Twitter continues to roil the markets and the OTC markets continue to be manipulated. Silly when you apply it to any other situation isn't it?