Bill written by Countrywide exec! Countrywide found LIABLE by jury!
Google: Jury finds BofA's Countrywide liable for defrauding Fannie, Freddie . Countrywide was one of the major fraudsters that victimized Fannie and Freddie! Now they're trying to murder their victims, once and for all! This must not be allowed to stand! Fannie and Freddie did NOT cause the crisis! The mega fraudster big banks did! Less
In gods name I can't believe people still have the notion it was FNF's fault!! Wake up people, the BANKS are the ones who lent money out to every Tom, #$%$ & Harry and then turned around and sold the loans to FNF with out disclosing the poor quality of loans they were selling.
When Tom, #$%$ & Harry could not pay their mortgage anymore, the blame fell on Fannie, when it was ACTUALLY the BANKS WHO FAILED TO DISCLOSE THE POOR QUALITY.
sueojlee • May 24, 2014 4:01 PM Flag 9 users liked this posts users disliked this posts 1 Reply (FHFA) Announces Reversal of Plans to Wind Down Fannie Mae and Freddie Mac article By: Robert M. Siegel Jeremy C. Sahn Bilzin Sumberg Baena Price & Axelrod LLP posted on: Monday, May 19, 2014 Early last week, recently-appointed director of the Federal Housing Finance Agency (FHFA) Melvin L. Watt, announced plans to keep GSEs Fannie Mae and Freddie Mac going strong. This new strategy is in stark contrast to the express goals of his predecessor Edward J. DeMarco, White House officials and other proposed legislation, such as the Housing Opportunities Move the Economy (HOME) Forward Act of 2014, that was aimed at dismantling the GSEs and shifting mortgage-lending risks back to the private sector. In his first speech as leader of the FHFA, Watt presented FHFA’s Strategic Plan for 2014, in which he stressed the Agency’s plan “to manage the present status...
The US housing finance system works just fine From Mr Chris Lafakis. Sir, Edward Luce (“ Hedge funds are testing the quality of US democracy ” (Comment, May 12) paints the investors’ lawsuit against the US government on Fannie Mae and Freddie Mac as a righteous struggle between noble American democracy and the evil lords of Wall Street. Should we not question the authority of the US government to confiscate the profits of any company, including one that it bailed out, by fiat decree? The US government would not have dared to do this to AIG because it knows it would have lost in court. Banks, regulators and Congress were just as indispensable to the financial crisis as the government-sponsored enterprises. So why should the GSEs alone be taken to task? More I Mr Luce and virtually every commentator or politician who opines on this issue, including President Barack Obama, wants the US to unilaterally disarm one of its greatest sources of comparative advantage: cheap, ...
if fanny is reformed as per government wishes he stand to gain by his wells fargo -so he goes.....Hew had the first call on many such crisis like Goldmans preferred etc he is not only connected via his moodys he get first all opportunity unlike us 1 Billionaire Weighs in Again on Fannie Mae and Freddie Mac By Patrick Morris | More Articles May 23, 2014 | Comments (6) Warren Buffett at Berkshire Hathaway has once again provided a unique and critical insight into what he believes is best for government-sponsored mortgage enterprises Fannie Mae ( NASDAQOTCBB: FNMA ) and Freddie Mac ( NASDAQOTCBB: FMCC ) . At the latest Berkshire Hathaway annual meeting, Buffett and longtime business partner Charlie Munger continued their tradition of conducting a question and answer session lasting more than six hours....
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