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.
Wall Street Breakfast: Must-Know News [View article]
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?