Replies to post #423712 on Fannie Mae-No Politics (FNMA)

[expediter13]

They were not bad decisions for them, only for all the suckers. They knew what they were doing was going to make them a fortune and stick it to the little guy. BUt no one will ever own up to it, unless drunk at a Party on the Riviera where no one else speaks english...

Joke on the little guy.

As long as this goes up, who cares, rrrrrrrrrrrright ?

[bcde]

streamer04,

If private entities were to do the same things as FHFA conservator and Fellow travelers in tsy then how those things would have been described by the DOJ and Courts?

What would have happened to these private entities?

By the way FHFA conservator has claimed many times that it is a private entity in many court cases?

How many versions of the same laws we have, when it comes FHFA conservators?

[3antar]

I think they made very clear and calculated decision during the the financial crisis their decisions was to make sure they kill Fannie and Freddie, the newly released documents clearly show that. I just hope soon we can put these cases to rest in the courts

[Rk3]

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Re: jcromeenes Post# 423705
1. GSE theft has not been proven in a court of law.

2. To my knowledge, the reason for no jail time for anyone during the housing meltdown is because its not illegal to make stupid and poor decisions as long as no laws are violated. Lots of bad decisions were made, but none were illegal according the the courts.
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It's funny how the idea that what unelected bureaucrats have done here are somehow within the law.

It seems to me that the setup of eroding the equity of the GSE's to zero while the whole time selling supposed worthless stock on the "Reverse Merger/Split Central OTC"
resembles a Ponzi Scheme to me?

I do understand that HERA has formed a perfect storm of self dealing between FHFA and Treasury as well as the financially incompetent ruling of Ginsburg and Millett and let's not forget a certain Bobbing Cork Senator allegedly investing on the financial collapse of their own country?!!!!