The Fannie-Freddie Fraud

//www.lewrockwell.com/paul/paul469.html

--------

Fannie and Freddie fleece the taxpayers

Independent Institute
by William F. Shughart II

08/18/08

Readers of a certain age might remember the old newspaper cartoon of a man so down on his luck that he resorts to wearing an empty barrel held in place by suspenders. If Fannie Mae and Freddie Mac continue on their present course, barrels may again become fashionable for US taxpayers. Criticized last week as ‘fatally flawed’ by Alan Greenspan, the two so-called mortgage giants are at the center of the current financial crisis. Owned by private investors but chartered by Congress for the purpose of supplying liquidity to mortgage lenders, thereby putting home ownership within the reach of more Americans, Fannie and Freddie aggressively participated in the booming housing market of the early 21st century. By the end of the third quarter of 2007, the two were guaranteeing — or had purchased outright — roughly half of the nation’s home mortgages, accumulating in the process $5.2 trillion worth of debt, nearly $4 trillion more than on their books in 2003. The roof then fell in...

//www.independent.org/newsroom/article.asp?id=2298


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Fannie+Mae
//freepage.twoday.net/search?q=Freddie+Mac
//freepage.twoday.net/search?q=housing
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=Ron+Paul
//freepage.twoday.net/search?q=com/paul

World-News

Independent Media Source

User Status

Du bist nicht angemeldet.

Suche

 

Aktuelle Beiträge

Trump Admits He Fired...
https://truthout.org/artic les/trump-admits-he-fired- comey-to-benefit-himself/? eType=EmailBlastContent&eI d=563da4aa-8942-4f72-929e- 667f24904a70
rudkla - 7. Dez, 21:52
Jacob Chansley, Man Known...
https://truthout.org/artic les/jacob-chansley-man-kno wn-as-qanon-shaman-sentenc ed-for-role-in-capitol-att ack/?eType=EmailBlastConte nt&eId=e287e156-fd8a-4fd3- 9374-71f1bc4fd9d1
rudkla - 18. Nov, 05:21
Steve Bannon and the...
https://www.commondreams.o rg/views/2021/11/17/steve- bannon-and-deadly-implicat ions-deconstructing-admini strative-state?utm_term=AO &utm_campaign=Daily%20News letter&utm_content=email&u tm_source=Daily%20Newslett er&utm_medium=Email
rudkla - 18. Nov, 05:19
As Damning New Memo Shakes...
https://truthout.org/artic les/merrick-garland-and-th e-january-6-house-committe e-are-suddenly-very-busy/? eType=EmailBlastContent&eI d=62bb44f7-621a-4a36-8654- a8647a25ac71
rudkla - 16. Nov, 05:06
Bannon Indicted for Contempt...
https://truthout.org/artic les/bannon-indicted-for-co ntempt-of-congress-for-ign oring-january-6-subpoena/? eType=EmailBlastContent&eI d=26cefe4c-9d72-48cb-a444- d16d8f5f866c
rudkla - 14. Nov, 05:40

Archiv

Juli 2008
Mo
Di
Mi
Do
Fr
Sa
So
 
 
 
 
 

Status

Online seit 6045 Tagen
Zuletzt aktualisiert: 7. Dez, 21:52

Credits


Afghanistan
Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Brasilien-Brasil
Britain
Canada
Care2 Connect
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Cybermobbing
Datenschutzerklärung
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Profil
Abmelden
Weblog abonnieren