Saturday, August 23, 2014

GS settle with FHFA

Settlement is reached for GS and FHFA, GS will buy 3.7 billion back of BAD loans they passed off to Fannie and Freddie. of the 11 billion they sent to F&F they are buying back nearly 1/3 of the loans.

And yet F&F were at fault according to democrats and republicans alike. HMMMM..
what about the 17 billion BOA paid for countrywide BAD loans to Fannie and Freddie?

It seems clear that the large banks Defrauded F&F for well over double what F&F needed to survive!!!

Who is the victim if not the shareholders of Fannie Mae and Freddie Mac who are having their profits stolen from them by the government that is paying no attention to laws or 5th amendment rights.