Posted on 09/05/2010 11:55:20 AM PDT by mnehring
America First Tax Exempt Investors LP said Thursday it has received $95.8 million in financing through Freddie Mac and used it to pay off a secured term loan with Bank of America.
The company, which buys and sells federally tax-exempt mortgage revenue bonds used to fund apartment construction, said it used $49.5 million of the funds to pay off the outstanding balance of the Bank of America loan.
America First obtained the financing through Freddie Mac's Tax-Exempt Bond Securitization program.
(Excerpt) Read more at businessweek.com ...
Not sure what that has to do with liberalism. It's more of a indictment of the corrupt financial system the Fed and the federal govt. have become over the last two decades.
It would be fine if this were private enterprise and private money, but this is taxpayer funds being channeled through the bank. It really isn’t a loan from a bank, it is a backdoor TARP.
Isn’t this ILLEGAL???
Next question: SHOULD’T this be illegal???
“Private enterprise” unfortunately has enabled multiculturalism, diversity and the loss of American identity and culture. I can’t read half of the signs in Walmart anymore.
Private enterprise reacts to the market it has to work in, it can’t be blamed for that. They have to find a way to sell to the customers out there. You wouldn’t want the alternative, collectevist enterprise, would you?
Buahahahahahahahahahahaha!
America Last Tax Exempt Re-investors
A.L.T.E.R. for short. but not fpr LONG!
Buahahahahahahahahahahahahahahahaha!
They think that the glory days of socialista big government are here to stay. Make hay while you can, A.L.T.E.R. We are coming for you! Lending ( thats a poor word to use giving , more like) our tax dollars in a redistribution of wealth scheme. Just make sure to at least to finance a chain of Best Little Acorn Whorehouses in Texas for these illegal alien gals! And don't forget to finance a few mini fortresses and bunkers for the Mexican Drug Cartels in Arizona; they need a fighting chance in what's to come!
Buahahahahahahahahahahaha!
well we got taxtion without representation and now spending with no representation...the nation wants it stopped but nobody listens....
B U M P ;-)
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