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Can't get enough of the Treasury/GSE news? Behind the move, speculates ZH, is Tim Geithner's...

Can't get enough of the Treasury/GSE news? Behind the move, speculates ZH, is Tim Geithner's fury at FHFA head DeMarco's snubbing of administration plans to impose principal reductions on mortgages ahead of the election. More? From the Treasury PR: "(This ends) the circular practice of the Treasury advancing funds to the GSEs simply to pay back dividends to Treasury." Did Treasury just admit it was running a Ponzi operation?
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Comments (6)
  • wigit5
    , contributor
    Comments (4250) | Send Message
     
    Monkey's in a zoo I tell you... and poop is flying everywhere.
    17 Aug 2012, 01:00 PM Reply Like
  • dieuwer
    , contributor
    Comments (2740) | Send Message
     
    Now substitute "GSE" with "FED" and you'll uncover the biggest Ponzi Schemes of all.
    17 Aug 2012, 01:07 PM Reply Like
  • 22thoroughbred
    , contributor
    Comments (553) | Send Message
     
    But this is how they did it in Chicago, right? So da brother just keeps doin it on a larger scale
    17 Aug 2012, 01:11 PM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    Yes they did......
    17 Aug 2012, 01:16 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    I said weeks ago this duet was just a good cop-bad cop routine...
    BTW, it's more of a shell game
    17 Aug 2012, 01:17 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (10020) | Send Message
     
    No one will ever invest in a GSE again after this.

     

    The paper is still good though...for now.
    17 Aug 2012, 03:25 PM Reply Like
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