Hey, I need a government cash infusion over here, too
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Just in time for the 10-year anniversary
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Isn’t this an old story? ......It’s not? Oh oh. We know how this story ends.
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Here we go! ...
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Let Fannie Mae go away. NO GOVERNMENT BAILOUTS.
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Exactly. Just abolish the GSEs. They've wasted enough public money already.
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Gosh - it they hadn't rushed that
#TaxCutsandJobsAct through so fast - maybe someone would have thought about stuff like this, instead of having to rely on lobbyists to write the bulk of it. (this shouldn't affect the economy... right?...)Thanks. Twitter will use this to make your timeline better. UndoUndo
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Here we go again folks... don’t borrow against your house is all I’ve got to say
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What did they do with all the money they stole from Homeowners and then the bailout by the government?
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Paid the 187 billion bailout back between 2009-2014. Homeowners who got screwed remained screwed. This particular loss, however, is directly attributable to Trump fucking up.
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I read the article but don't believe their excuse about tax money being due -
@POTUS gets blamed for every damn thing - so sick of this!
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Over the last 10 years Fannie and Freddie have sent close to a 100 billion in profits back to the US Treasury.
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The Freddie and Fannie bailout cost 187 billion and was not recovered until 2014, and only recovered because of Obama and fed policies. Could have been stiffed. That's a fuck of a lot of risk you didn't happen to mention.
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One of the major reason financial institutions needed bailouts is because of a government accounting rule change which forced them to mark to market their assets, in a panic asset values are not truly reflected. Which caused a need for additional capital
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That’s the second time Fannie Mae has asked for bailout and both times under Republican watch.
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Where did it go? Bad management? Whose in charge?
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