Replies to post #196353 on Fannie Mae-No Politics (FNMA)

[stockprofitter]

First time someone has explained this perfectly to a T in our native english language. Plain and simple, factual to the point with no fluff.

Very well done mr. writer.

kudos to you sir.

[955]

Fannie Mae and Freddie Mac, didn't precipitate the housing bust. They weren't even the main issuers of faulty mortgages that imploded with the Great Recession. It was the federally-supervised commercial banks themselves that misrepresented many of the mortgages sold to Fannie and Freddie, thereby giving them the cover of AAA-rated assets, when they were much closer to junk bond quality.

http://m.huffpost.com/us/entry/5009851

This says it all. More correct to say, "federally-UNsupervised commercial banks themselves that misrepresented many of the mortgages sold to Fannie and Freddie"........

[chalmer]

In response to this article, navy. As I have stated so many times before, the problem is the illegal, unconstitutional private banking system known as the f..king Fed or the Federal Reserve.

As the article states, all the banks which are member banks of the Federal Reserve violated the law and f..ed over F & F and the government sided with the banks and tried to steal F & F.

So what did cause the problem, It was the government insisting F & F make loans to those that didn't qualify, therefore meddling in private business and forcing them to take on more risk that they would have otherwise done thereby putting them in jeopardy.

F & F have guidelines for accepting loans written by the Feds member banks and lending agencies which of course the Feds banks and agencies violated. They lied about the quality of the loans and thereby placed F & F at more risk.

So what did our corrupt government, and I do mean corrupt because they are flagrant and visible to those that have eyes, do. They stole money from the taxpayers to bail our their friends the private bankers and held NONE of them accountable and essentially nationalized F & F and have been steeling their funds because they are crooks.

It's time to make the call on these crooks and maybe arrest some of the leaders of this country for treason and try some of them by constitutional standards. It's tome to let them know they can't do anything they want and get away with it.

Bank CEO's and government officials need to be found guilty for the crimes they have committed, sentenced hard and then free up F & F.

Pray that cases against the government crooks in play now draw some blood and wake up people. Support the constitution. F..k the Fed. It's time to cut the balls off these crooks.