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TARP/Bailout scorecard


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#1 pstall

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Posted 16 November 2012 - 09:21 AM

Nice update on where things are at. Check out the info on Freddie and Fannie. I'm still baffled at how the media just does not touch them at all yet demonized banks even after they paid back money.

Same for Occupy Wall St. Did they do anything towards F&F?

http://projects.prop...ut/main/summary



The total amount invested in Fannie and Freddie so far is $187.5B. 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 $50.4B in dividends to the Treasury.

#2 pstall

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Posted 16 November 2012 - 10:50 AM

i know i know. we only like stats when it supports what we want. F&F have paid back ZERO.

#3 natty

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Posted 16 November 2012 - 11:54 AM

I know I raped Fannie (heh) when I bought my house. So much wealth destroyed, I seriously doubt they'll ever pay back.

#4 pstall

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Posted 16 November 2012 - 03:05 PM

The FHA insures more than $1 trillion in mortgages, and is required to have capital reserves equal to 2% of that figure. A recent audit shows that reserves now stand at $1.2 billion, or about 0.12% of guaranteed loans – significantly less than mandated by Congress. The losses largely stem from high delinquency levels on loans made between 2007-2009.



oh and the FHA is out of money or almost close to it. *gulp*


http://www.totalmort...-reserves/18516


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