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Timothy Howard on Fannie Mae and Freddie Mac: A Pattern of Deception

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The Fannie Freddie Document Treasure Trove

Livinglies's Weblog

Editor’s Note: Former Secretary of State Timothy Geitner was instrumental in greasing the runways for HAMP so the GSEs could steal homes.  But he also engineered the theft of GSE investor profits while proclaiming Fannie Mae and Freddie Mae to be on the verge of collapse.  Instead, the federal government, in an act of unconscionable bad faith, implemented net worth sweeps to steal money from investors.  These massive profits were also used to artificially prop up failing Obamacare.

The LibertarianOpinions expressed by Forbes Contributors are their own.

July 19, 2017 marked the release of the first set of much-awaited government documents that addressed the government knew and when, before the implementation of its net worth sweep on August 17, 2012, which gave the government all profits from the operation of those two Government Sponsored Entities (GSEs) Fannie Mae and Freddie Mac.  That deal was embodied in the…

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