Friday, January 9, 2015

How does the white house justify this quote from the president yesterday?

my reply and questions to the white house.
How does the white house justify this quote from the president yesterday?
“And that’s why we had the Justice Department fight for buyers who were discriminated against or preyed upon, and we won a settlement that awarded more money to victims in one year than in the previous 23 years combined. That’s why we worked with states to force big banks to repay more than $50 billion to more than 1.5 million borrowers who had been treated wrongly — and that was the largest lending settlement in history. And that’s why I’ve called on Congress to wind down the government-backed companies known as Fannie Mae and Freddie Mac.”
Did those settlements not go to Fannie and Freddie as every major paper in america told us? Did not those moneys get swept to treasury of USA from Fannie and Freddie as every major newspaper in america has told us? I had no idea that the people that were foreclosed on received $33,000 each? I bet that will be news to them too? Please tell me how this statement is true and how the white house intends to retract this type of speech writing that is lacking in fact.
Fannie and Freddie were victimized by the big banks and have not lost a lawsuit against them. Fannie and Freddie have been the only secondary market in america when all free market capital left. Free market capital will always leave in bad markets as seen in 2007. Winding down Fannie and Freddie to give the banks the business would be a direct blow to the middle class, I do not support such things or politicians that support putting the banks in charge of the same market the banks destroyed, not fannie and freddie.
With all due respect, I wait for your response.

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