Gse's Lack Capital

[gregb]

http://www.housingwire.com/articles...erious-risk-facing-fannie-mae-and-freddie-mac

 

[jay trotta]

Perhaps they should cut back on the Bonus's they payout; paying the Treasury to much ? or is that for infusion at a later point ? Are they now taking a position to Lehman ?

If they haven't figured out how to shore up the infrastructure by this time we are all in deep sheit; it would appear to much Tax money is being wasted on those who are suppose to protect the Public Trust, from where I sit on the ship.

 

[Riick]

If they go under, I'd say it couldn't happen to a more deserving bunch of guys.

However, that's about as likely as Hillary being indicted

 

[Noreen]

If they go under, I'd say it couldn't happen to a more deserving bunch of guys.

However, that's about as likely as Hillary being indicted

Yes, think about it, who has the pockets deep enough to carry the dollar volume of paper that they carry.

 

[Tim The Enchanter]

who has the pockets deep enough to carry the dollar volume of paper that they carry.

Not even MC Hammer and his parachute pants.
Don't touch that, you don't know where it's been!

 

[djd09]

Mel Watt another career politician.
"Political columnist, Charles C. Johnson notes that “In 2002, Watt teamed up with Freddie Mac and Fannie Mae, Bank of America, BB&T, and UJAMMA Inc., to announce Pathways to Homeownership, a pilot initiative designed to give home loans to welfare recipients. A press release from Watt’s campaign office in October 2002 said that the loans to the welfare recipients would require “as little as $1,000 of the down payment to come from their own funds” and that the city of Charlotte would help borrowers obtain a “down payment subsidy” to cover the rest of the 3% down payment.”

Johnson observes that, “If approved to head up Federal Housing Finance Agency (FHFA), Watt will be regulating the very government agencies whose rules he negated in 2003.” It is noteworthy that Watt and Barney Frank were on the same page with subprime lending prior to the housing crash."
http://theamericangenius.com/housing-news/obama-nominates-mel-watt-to-head-fhfa-not-a-joke/

 

[Meandering]

 

[timd354]

http://www.housingwire.com/articles...erious-risk-facing-fannie-mae-and-freddie-mac

Of course they lack capital as the treasury has made the GSE's pay every cent in profit they have made over the past several years to the government and have not allowed the GSE's to maintain any meaningful reserves...Since 2008, the GSE's have paid roughly $240 billion to the government, which far exceeds the $187.49 billion in draws that they received from the government

 

[glenn walker]

Elite *** I think you left off a few zeros ... Try BILLIONS not millions : )

 

[timd354]

Elite *** I think you left off a few zeros ... Try BILLIONS not millions : )

Yes, you are correct