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To: FromLori
As quasi-Federal agencies, we were pretty much on the hook for the Fannie Mae and Freddie Mac loans anyway.

So they sold our mortgages back to us. Again I don't see the problem. Did we pay an unfair price for the mortgages? Are there no houses or real estate backing those mortgages, that can be liquidated if the mortgages are not paid? Did we buy mortgages that weren't Fannie Mae and Freddie Mac issued? Can we not sell the mortgages now that the market is calmer?

TARP was originally sold as an asset purchase program. Then they went all secret on us. It's not clear to me if these purchases were done with TARP funds or not.

28 posted on 12/02/2010 10:23:44 AM PST by DannyTN
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To: DannyTN

I don’t think it will ever be clear to you since you seem to be willfully blind I wouldn’t expect you to notice where it says NOW OWNED by the taxpayers or admit that the banks purposely created toxic loans, i.e., liars loans out of greed.


29 posted on 12/02/2010 10:28:31 AM PST by FromLori (FromLori)
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