Wednesday, December 31, 2014

Failing to drown the Government, TBTF Banks attempt to drown American Dream in bathtub

Failing to drown the Government, TBTF Banks attempt to drown American Dream in bathtub

http://m.dailykos.com/story/2014/12/30/1354710/-Failing-to-drown-the-Government-TBTF-Banks-attempt-to-drown-American-Dream-in-bathtub

Geitner, Demarco, Treasury, and the FHFA all state that they entered into the “net worth sweep” to save the GSE’s from having to become further indebted to Treasury and that all of their models showed the GSE’s not being profitable ever.  Wouldn’t you be surprised to know that the GSE’s became wildly profitable just 2 months after the 100% net worth sweep was implemented.  


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