Monday, January 20, 2014

WHO PAYS BACK 187 BILLION IN LOANS?

frank_fosco  Jun 27, 2013 11:19 PM Flag

WHO PAYS BACK 187 BILLION IN LOANS

Two companies who never needed 187 other to have huge loan loss reserves and can give it back!
What a joke! These two never needed a penny!

They never need help!
They never needed a conservator
They never needed to buy junk from banks bad paper
They never had bad loans on books compared to industry
They never were insolvent
They never caused any major issues and or were corrected

So they can pay this money back because it has been sitting on books as DTA and loan loss reserves!

Profits would have been here anyway and we all knew after taking on the entire market they would only grow stronger!

Yep worth 100 per share when all the smoke clears and congress loads up on shares!

Remember congress can still inside trade!!! Read the law! Yes they can!!!!

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The STOCK Act would have required members of Congress, their aides, and other federal employees making more than $119,554 a year to disclose their financial dealings in an online database. It was supposed to prevent government officials from using insider knowledge about policy-making to profit from stock trades and other investments.

Upon the signing of the bill into law last year (pictured above), President Barack Obama said, “The idea that everybody plays by the same rules is one of our most cherished American values. It’s the notion that the powerful shouldn’t get to create one set of rules for themselves and another set of rules for everybody else, and if we expect that to apply to our biggest corporations and to our most successful citizens, it certainly should apply to our elected officials—especially at a time when there is a deficit of trust between this city and the rest of the country.” The White House has not said whether the president will sign the repeal.

UPDATE: White House spokesperson Jay Carney announced that Obama has signed the repeal of the internet disclosure portion of the STOCK Act.

Read more: Congress Quietly Repeals Congressional Insider Trading Ban 
plus, beccause of an april 15, 2013 bill signed by the president, they no longer have to disclose those trades on the internet for immediate public access...! i feel this little change in current law
is related to the possiblity that Fannie and Freddie could be released from C-Ship and be re-listed on the NYSE

Yes congress can inside trade and you do not think that is happening in tax free trusts right now????
Yes they never changed that law soo CONGRESS CAN INSIDE TRADE THIS STOCK AND ANY OTHER ---TOTALLY LEGAL!


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