Fannie Mae Mortgage Portfolio Passes $800bn in May, Cleared to Fund More ‘Dead Assets’

catherine at 21:13 2010-07-01 said:

next we will see glowing stories of how the institutions that sold these toxic worthless assets for top dollar are back (banks) and healthy and ready for recovery, hmnn, they might even have the money to pay back OTHER loans to the gov :roll: drink it up.............

and so next week we will read a nice story on how healthy those institutions are and that we are turning around........yeah if the government bought everything i have right now at TOP dollar, full price, (they are buying things at 05, 06 prices) I would look pretty healthy too...........

they are still gaming us and headed toward a big 1 trillion blank check for fannie, no story on freddie, FHA and VA, is there? chaaaaching............Banks are dead institutions walking because the taxpayer just can't buy all the toxics, 500 trillion is not a blank check even this government will be able to write.

remember the first depression was caused by people buying stock on margin, (can you imagine the government in the 30s paying everyone TOP DOLLAR for their worthless stock-history would have labeled them clowns)?

This depression was caused by people buying houses on margin, why oh why are we thinking we can buy up all the worthless assets at FULL dollar with other people's money and we will survive.......

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