Saturday, February 22, 2014

Fannie Mae and Government shady accounting....

The Federal Reserve spends over 1 trillion dollars buying Mortgage backed securities (propping up the stock market). As a result the big banks unload all their crap investments on to the taxpayers. 

Then Fannie Mae pays back 121 billion and acts like the tax payers have made out awesome!

Look the 2008 bailout money is all paid back. Everything is now even.

You’re welcome!

Pay no attention to those mountains of sh*t mortgages you (Mr and Mrs Taxpayer) now own. Good luck with those.

http://www.latimes.com/business/money/la-fi-mo-fannie-mae-bailout-profit-20140221,0,3944800.story#axzz2tyLOiy9o

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