the interest rate charged on the fnma. fmcc money was 10% while tarp loans were 3or4% ...
the government also gave themselves warrants at $0 cost and at $0 material exercise price; thereby cementing a takings claim if used as alleged "collateral".
why ?
Why were GSE's ... government sponsored entities treated less favorably than non gse's?
why?
was there an ax to grind ... was there some type of discrimination? was there something to prove or some other hostility?
Seems there are hard questions that need answering...
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