Seeking Alpha

countrybanker » Comments » Single Comment |

  • Wall Street Breakfast: Must-Know News [View article]
    US Govt (Fannie Mae) sells tax credits they received from US Govt to the fourth branch of US Govt (GS) at a discount?

    It would be cheaper for the TAXPAYER (US GOVT) to eithe just cancel the credits, or alternatively , have the US Treasury pay Ginnie Mae 100% for the credits.

    Only GS can make a fee as the fools in Congress and Treasury and Obama Administration transfer $ Billions from one govt account to another, a transaction between two pockets of the same taxpayers money.

    How damn dumb are we?
    Nov 02 12:38 pm |Rating: +4 0
All Comments by countrybanker »
Comments by Ticker
countrybanker's
Comments Stats
68 comments
Rating: 71 (87 - 16 )