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« HILARIOUS: Rand Paul Explains Obamacare | Main | Paulson: 'We Had No Choice' »
Tuesday
May282013

Shares Of Fannie And Freddie Up 1300% And STILL Rising

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Reader Comments (20)

Fannie Mae CEO: 'We Will Be Profitable For Years To Come'

http://dailybail.com/home/fannie-mae-ceo-we-will-be-profitable-for-years-to-come.html
May 28, 2013 at 2:10 PM | Registered CommenterDailyBail
May 28, 2013 at 2:10 PM | Registered CommenterDailyBail
It's appalling that the CIA funnels cash to President Karzai hand over fist, and yet US military hospitals don't have enough bed sheets for wounded soldiers. The remarkable efficiency of the Pentagon on display.
May 28, 2013 at 2:12 PM | Registered CommenterDailyBail
Report: IRS Deliberately Chose Not to Fess Up to Scandal Before Election

http://www.weeklystandard.com/blogs/report-irs-deliberately-chose-not-fess-scandal-election_724711.html

"[I]f this fact came out in September 2012, in the middle of a presidential election? The terrain would have looked very different."
May 28, 2013 at 2:19 PM | Registered CommenterDailyBail
MUST READ

Accused Fort Hood Shooter Paid $278,000 While Awaiting Trial

http://www.nbcdfw.com/investigations/Accused-Fort-Hood-Shooter-Paid-278000-While-Awaiting-Trial-208230691.html

Injured soldier outraged suspected shooter receives salary while his family financially struggles in recovery.
May 28, 2013 at 2:45 PM | Registered CommenterDailyBail
May 28, 2013 at 2:48 PM | Registered CommenterDailyBail
May 28, 2013 at 2:49 PM | Registered CommenterDailyBail
May 28, 2013 at 2:53 PM | Registered CommenterDailyBail
May 28, 2013 at 2:53 PM | Registered CommenterDailyBail
FBI ID'S BENGHAZI SUSPECTS _ BUT NO ARRESTS YET

http://www.breitbart.com/system/wire/DA6DRE1G0
May 28, 2013 at 2:55 PM | Registered CommenterDailyBail
May 28, 2013 at 2:56 PM | Registered CommenterDailyBail
May 28, 2013 at 2:58 PM | Registered CommenterDailyBail
Dances With Drones

http://www.usnews.com/news/articles/2013/05/15/dance-company-incorporates-drones-into-performance

Dance Company Incorporates Drones Into Performance
May 28, 2013 at 2:59 PM | Registered CommenterDailyBail
Fannie Mae profits are laughable it's a deduction they gave themselves that boosted them

Fannie posted net income of $58.7 billion in the first quarter, due largely to a one-time $50.6 billion gain related to tax benefits. In addition, the company reported pretax income of $8.1 billion, which compared with net income of $2.7 billion in the year-earlier period.

more

http://online.wsj.com/article/SB10001424127887324744104578472633554555060.html

How Fannie Mae made its profit

http://www.econbrowser.com/archives/2013/05/how_fannie_mae.html

EYE ON THE BAIL OUT Fannie and Freddie
Unlimited
Total Allocation
Disbursed

$187B
Revenue

$65.2B

Net Outstanding: $122B
The total amount invested in Fannie and Freddie so far is$187B. They have returned none of the money invested so far—and might never do so.

The Treasury has been earning a return on its investments. So far Fannie and Freddie have paid $65.2B in dividends to the Treasury.



http://projects.propublica.org/bailout/

and FNMA is paying back the Treasury with money raised by issuing more debt (which is backed by the gov't if they default).


And then there's this

Kickbacks as 'a natural part of business' at Fannie Mae alleged
Investigators are looking into assertions by an ex-Fannie Mae worker that kickbacks were 'a natural part of business' at the federal housing finance company.

http://www.latimes.com/business/la-fi-fannie-mae-kickbacks-20130525,0,6280041.story
May 28, 2013 at 10:54 PM | Unregistered CommenterLadyLiberty
Fannie Mae profits are laughable it's a deduction they gave themselves that boosted them

Fannie posted net income of $58.7 billion in the first quarter, due largely to a one-time $50.6 billion gain related to tax benefits. In addition, the company reported pretax income of $8.1 billion, which compared with net income of $2.7 billion in the year-earlier period.

more

http://online.wsj.com/article/SB10001424127887324744104578472633554555060.html

How Fannie Mae made its profit

http://www.econbrowser.com/archives/2013/05/how_fannie_mae.html

EYE ON THE BAIL OUT Fannie and Freddie
Unlimited
Total Allocation
Disbursed

$187B
Revenue

$65.2B

Net Outstanding: $122B
The total amount invested in Fannie and Freddie so far is$187B. They have returned none of the money invested so far—and might never do so.

The Treasury has been earning a return on its investments. So far Fannie and Freddie have paid $65.2B in dividends to the Treasury.



http://projects.propublica.org/bailout/

and FNMA is paying back the Treasury with money raised by issuing more debt (which is backed by the gov't if they default).


And then there's this

Kickbacks as 'a natural part of business' at Fannie Mae alleged
Investigators are looking into assertions by an ex-Fannie Mae worker that kickbacks were 'a natural part of business' at the federal housing finance company.

http://www.latimes.com/business/la-fi-fannie-mae-kickbacks-20130525,0,6280041.story
May 28, 2013 at 11:04 PM | Unregistered CommenterLadyLiberty
I found tis by accident. Fannie seems to have formed an LLC to buy their foreclosed properties back.

"There has been a home in our area that has been vacant for over 2 years. I did some research on it and found out that it was purchased in July 2012 by SFR 2012-1 US WEST LLC.

Nows here is where it gets interesting…

THIS LLC WAS CREATED BY FANNIE MAE!

Here is the link to an article that never saw the light of day….now I know why.

http://www.azcentral.com/business/realestate/articles/20120727mystery-buyer-snaps-up-foreclosure-homes.html?nclick_check=1

and here:

http://www.har.com/Houston-Real-Estate-Blogs/29893/275-Phoenix-Area-Foreclosed-Homes-Snapped-Up-By-LLC-Set-Up-By-Fannie-Mae

“It’s unclear who the buyer is, but 275 foreclosure houses across the Phoenix metropolitan area were purchased through a very quiet $34 million cash deal at the end of July."
Jun 10, 2013 at 7:11 AM | Registered CommenterJohn
http://www.truth-out.org/news/item/16080-fannie-mae-evicts-family-in-foreclosure-then-installs-armed-guards

helping people buy homes is perhaps good though democracy and education would be
better

helping with realistic prospects for success is o.k.

funneling junk for banks is bad and is just a conduit for bank risk
(socialize the cost-privatize the profits; monopoly and bribery
protection racket style too)

When Bernanke serves too big to fail he serves
we'll blow you up banking.

New York's Assemblymen want to kill the soap box so you
have to accelerate this (alleged, but she's a spymaster, so she
can turn the control freaks on you:)

http://www.nationalbcc.org/index.php?option=com_content&view=article&id=1283:when-the-federal-government-embraces-a-gangster-corporation&Itemid=8
Jun 18, 2013 at 12:47 AM | Unregistered CommenterFrank L. Wright

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