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Anyone else paying attention

iwannabeacowboy

Well-known member
to the GSE situation- Fannie Mae and Freddie Mac?

Remember who owned the rail system and benefited from Obama's interference in the XL pipeline?

That wasn't the only gift Obama and the politicals were trying to hand Buffett.

The conservatorship of the GSE's was done under Bush. It was done by accounting fraud with changing how defered tax assests (DTA) were treated. They never were cash poor or negative. It was a smoke and mirrors deal that was used to allow government to stuff their balance sheets full of toxic debt by the too big to fail banks (TBTF banks).

So Bush pulled this off in addition to TARP to bail out banks. Obama took this conservatorship and ran. Seeing that the GSE's absorbed the Bush administration's corruption, they took the corruption and administered steroids making them the Treasury's piggy bank. After conservatorship was pulled off, accounting of DTA were reversed allowing billions to be paid to Treasury. Original 10% dividend on borrowed funds was changed by government (Treasury) to government (FHFA) agreement to taking all profits. Fannie Mae's original charter was altered in the 60's and was privitized with investor financing. The charter actually does not state that it is backed by the us treasury, if you pay attention, the word implied keeps getting used. Implied is fictional.

All the while draining these trillion dollar enterprises of hundreds of billions in cash and taking 80% of the companies after forcing a loan of billions they didn't need, then end game was to feed the American home mortgage guarantee business to... yep, the TBTF banks. Wellsfargo has been leading the pack with massive DC lobbying. Guess who personally own's $100 million worth and manages a firm that owns 10% of wellsfargo? Same guy heavily invested in burlington northern shipping car after car of oil because Obama blocked the XL pipeline.

This story is huge, but it is also very technical and requires a lot of knowledge to put it all together.

I just now see the Buffett connection after someone else connecting the dots, but it's all been in plain sight for a while.

Oh, and then there is the Obamacare angle to the theft now. I believe this to be true, but will be near impossible to prove with how money is transfered into and out of general treasury fund.

The fact that the Obama administration illegally used funds not appropriated by Congress to prop up Obamacare should be a big story, but somehow the diligent media have somehow been able to make sure the public doesn't see it. Essentially, the Obama administration stole money from low-income housing funds at Fannie and Freddie to prop up Obamacare after a judge told them to stop diverting funds illegally at HHS.

Read more: http://www.americanthinker.com/blog/2017/03/the_obamacare_financing_flimflam.html#ixzz4aFRY7iT7
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This is big, really really big. 20% of our national economy is real estate.

I firmly believe that Trump is about to block Buffetts chances at this, and I believe his administration is going to release the GSE's back into privitization. But this will be a battle royal- massive amounts of money and power are on the line.

Get informed!

Oh, and Obama's doj was defending several law suits. During such, they tried to prevent discovery on over 11,000 documents claiming various forms of privledge. Much of the claims were recently struck down, with the court directing a process to release much of the documents. Lots of good information demonstrating there lack of respect for private property should be coming out in the near future.
 

Steve

Well-known member
Insurance industry,.. real estate,.. Student loans,.. how much of our economy does the goverment want to control?

all I would expect, and we know how well that turned out for Venezuela..
 

iwannabeacowboy

Well-known member
Steve said:
Insurance industry,.. real estate,.. Student loans,.. how much of our economy does the goverment want to control?

all I would expect, and we know how well that turned out for Venezuela..


Medical as well..don't forget 1/6 of the economy in medical.
 

Steve

Well-known member
not to mention Indymac..
US Senator accused of causing run
IndyMac's dire condition and the failure of regulators resulted in something of a bank run after Senator Charles Schumer's warned the public of them.

On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts.

With $32 billion in assets, IndyMac Bank is one of the largest bank failures in American history.

In the fall of 2008 very few institutions or individuals were looking to go long on mortgages and mortgage-backed debt. Mnuchin was one. He soon persuaded others, including John Paulson, George Soros, and Chris Flowers. Together they purchased IndyMac, whose primary assets were $23.5 billion in commercial loans, mortgages, and mortgage-backed securities. How risky was the investment? When the FDIC was looking to sell IndyMac, Mnuchin was the only bidder for all of the bank’s assets. He’s since turned OneWest into Southern California’s largest bank, with more than 79 branches and $27 billion in assets. His bet on IndyMac’s portfolio of troubled loans has proved to be a hugely profitable one, as the mortgage market has stabilized.

but that one seems to interest the liberals now.. :roll: but not back when they were giving it away..
 

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