Archived

This topic is now archived and is closed to further replies.

TARP/Bailout scorecard

4 posts in this topic

Posted · Report post

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.propublica.org/bailout/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.

1 person likes this

Share this post


Link to post
Share on other sites

Posted · Report post

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

Share this post


Link to post
Share on other sites

Posted · Report post

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

Share this post


Link to post
Share on other sites

Posted · Report post

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

Share this post


Link to post
Share on other sites