US Gov't steals $10 billion from Fannie Mae - GoFuckYourself.com

JP-pornshooter · 08-09-2013, 02:30 PM

Fannie May made $10.1 billion in the last quarter, the US government who bailed them out takes 100% of the earnings as a partial payoff.
The bondholders of Fannie Mae are without any power as a rule change was forced onto the publicly listed company FNMA where instead of a longer term payoff of apprx 10% of earnings to now 100%.

What kind of anti capitalism is that?
Anyone who offers a loan in the real world offer reasonable pay back terms.

I dont understand what is happening to this country, but it aint good.

more here:
http://dealbook.nytimes.com/2013/07/...fanniemae&_r=0

_Richard_ · 08-09-2013, 02:34 PM

pornguy · 08-09-2013, 03:11 PM

Now they know how it feels.

bronco67 · 08-09-2013, 03:16 PM

So you feel sorry for crooks? Fuck them, and fuck AIG too. They should rot in hell.

Rochard · 08-09-2013, 03:25 PM

The US Government also takes money from the US Post Office too. Go figure.

TrafficTitan · 08-09-2013, 03:31 PM

Companies should pay back what they owe as quickly as possible. It's not a loan.

Creatine · 08-09-2013, 03:34 PM

Barry-xlovecam · 08-09-2013, 03:40 PM

If a Bank had lent the $400 Billion bailout the Bank would require payment regardless of profit or loss by Fannie Mae.

The government lent $400 Billion to Fannie Mae and not for 30 years ...

kane · 08-09-2013, 03:44 PM

I might be wrong here but without the bailout Fannie Mae would no longer exist correct? Had they gone under without a bailout those bondholders would have gotten nothing. At least now, eventually, they will likely get something.

Still it seems kine of crazy how they can just change the terms of the payback. It seems to me like it would make for a pretty unstable company.

Struggle4Bucks · 08-09-2013, 04:20 PM

Quote:

Originally Posted by bronco67

So you feel sorry for crooks? Fuck them, and fuck AIG too. They should rot in hell.

I was thinking the same! None of these cocksucking criminals are in jail! I always thought America loved throwing criminals in jail; electrocute graffiti artists, electrocute invalid bus passengers, post their muckshots all over the place; calling for capital punishment, etc... even on this morally degenerated board there is one thing everyone is unanimous about: you should rim the ass of father judge and mother justice.

Bahhhhh

garce · 08-09-2013, 04:24 PM

That's less than the amount that the Government gave Fanny Mae to bail them out.

Let. Them. All. Die.

Seth Manson · 08-09-2013, 04:39 PM

I dont have a problem with this

JP-pornshooter · 08-09-2013, 05:46 PM

ok what about the policeman's pension fund who invested in this company, they are just screwed because the US government says it is ok for them to change the terms of loan pay back? Instead of taking 10% as what was originally agreed we will just take 100% and even after all the bailout money has been paid back to us we will still remain in control over this company, effectively changing it to a government asset.
(wait a sec, isnt that what communist totalitarian governments do?)

pamon · 08-09-2013, 08:33 PM

that mortgage mess took down everyone and now the companies are making it all back thanks to government bailouts. The banks took the money, used it to generate interest free loans, and never paid it bank either. Should have let them fail.

TheSquealer · 08-09-2013, 09:45 PM

"The bailout was borne out of the government’s desperate attempts not to put the two companies’ trillions of debt on its books. Even though the government thought they were worthless, the common stock and preferred stock were left outstanding, so it could be argued that the two government-sponsored enterprises were still independent. At the time, the government likely thought this wouldn't be a problem because Fannie and Freddie were thought to be insolvent.

But by 2012, Fannie and Freddie unexpectedly turned back into profitable firms. Seeking a way to keep the common and preferred stock worth nothing, the government changed the way the two paid their dividends in a fashion that meant all dividends went directly to Treasury – that any remaining common and preferred-stock holders would receive nothing."

halfpint · 08-10-2013, 09:34 AM

When ever I here the name Fannie mae it always remind me of pussy cause here in the UK we call pussy - fanny

ajrocks · 08-10-2013, 06:56 PM

I don't think it was a loan as much as a forced bail out. They should have all the money returned to tax payers as soon as possible.

Bourke · 08-10-2013, 07:25 PM

Quote:

Originally Posted by JP-pornshooter

(wait a sec, isnt that what communist totalitarian governments do?)

No, under a communist govt it never would have been a private company in the first place.

Vendzilla · 08-10-2013, 07:39 PM

Hey, you know that most of the deficit is borrowed from Social Security right?

SleazyDream · 08-11-2013, 02:57 AM

yeah, who'd have thought the government would actually want their loan money BACK????????

they should have let the fucking company fail and let all the investors loose everything if America was capitalist.

idiot

beerptrol · 08-11-2013, 06:58 AM

They didn't steal shit you dumb fuck!

"What kind of anti capitalism is that?"
The kind where the gov bailed their ass out instead of letting them go under like a real capitalist would have

NinjaSteve · 08-11-2013, 08:09 AM

To the negative inputters - so you've never had a credit card?

JP-pornshooter · 08-12-2013, 12:16 PM

Quote:

Originally Posted by kane

I might be wrong here but without the bailout Fannie Mae would no longer exist correct? Had they gone under without a bailout those bondholders would have gotten nothing. At least now, eventually, they will likely get something.

no different that GM, you dont see GM stockholders being forced out.

Quote:

Originally Posted by TheSquealer

"The bailout was borne out of the government?s desperate attempts not to put the two companies? trillions of debt on its books. Even though the government thought they were worthless, the common stock and preferred stock were left outstanding, so it could be argued that the two government-sponsored enterprises were still independent. At the time, the government likely thought this wouldn't be a problem because Fannie and Freddie were thought to be insolvent.

But by 2012, Fannie and Freddie unexpectedly turned back into profitable firms. Seeking a way to keep the common and preferred stock worth nothing, the government changed the way the two paid their dividends in a fashion that meant all dividends went directly to Treasury ? that any remaining common and preferred-stock holders would receive nothing."

Exactly, the us government forgot to check legalities..

Quote:

Originally Posted by ajrocks

I don't think it was a loan as much as a forced bail out. They should have all the money returned to tax payers as soon as possible.

like GM and AIG right, oh wait a sec...

Quote:

Originally Posted by Vendzilla

Hey, you know that most of the deficit is borrowed from Social Security right?

That might be true and most people who get ss compensation especially veterans and retirees certainly deserve that, BUT our government is squandering money left and right on all kinds of shitty stuff.
Everybody says yeah return it to the tax payers, yeah right tax payers will never see a dime of those billions. goes right into the federal budget to be wasted away.

Quote:

Originally Posted by SleazyDream

yeah, who'd have thought the government would actually want their loan money BACK????????

they should have let the fucking company fail and let all the investors loose everything if America was capitalist.
idiot

exactly, it is called investing for a reason.

Quote:

Originally Posted by beerptrol

They didn't steal shit you dumb fuck!

"What kind of anti capitalism is that?"
The kind where the gov bailed their ass out instead of letting them go under like a real capitalist would have

you are right, they didnt steal cause that would be illegal

08-09-2013, 02:30 PM	#1
JP-pornshooter Confirmed User Join Date: Sep 2006 Location: westcoast usa Posts: 4,007	US Gov't steals $10 billion from Fannie Mae Fannie May made $10.1 billion in the last quarter, the US government who bailed them out takes 100% of the earnings as a partial payoff. The bondholders of Fannie Mae are without any power as a rule change was forced onto the publicly listed company FNMA where instead of a longer term payoff of apprx 10% of earnings to now 100%. What kind of anti capitalism is that? Anyone who offers a loan in the real world offer reasonable pay back terms. I dont understand what is happening to this country, but it aint good. more here: http://dealbook.nytimes.com/2013/07/...fanniemae&_r=0 __________________ "Obscenity is whatever gives the Judge an erection." -- Author Unknown

08-09-2013, 03:11 PM	#3
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Now they know how it feels. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

08-09-2013, 03:16 PM	#4
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	So you feel sorry for crooks? Fuck them, and fuck AIG too. They should rot in hell. __________________

08-09-2013, 03:25 PM	#5
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,188	The US Government also takes money from the US Post Office too. Go figure. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

08-09-2013, 03:40 PM	#8
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	If a Bank had lent the $400 Billion bailout the Bank would require payment regardless of profit or loss by Fannie Mae. The government lent $400 Billion to Fannie Mae and not for 30 years ...

08-09-2013, 02:34 PM	#2
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Vancouver Posts: 30,985

08-09-2013, 03:31 PM	#6
TrafficTitan Confirmed User Industry Role: Join Date: Nov 2012 Posts: 350	Companies should pay back what they owe as quickly as possible. It's not a loan.

08-09-2013, 03:34 PM	#7
Creatine Confirmed User Industry Role: Join Date: Apr 2013 Posts: 1,060

08-09-2013, 03:44 PM	#9
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I might be wrong here but without the bailout Fannie Mae would no longer exist correct? Had they gone under without a bailout those bondholders would have gotten nothing. At least now, eventually, they will likely get something. Still it seems kine of crazy how they can just change the terms of the payback. It seems to me like it would make for a pretty unstable company.

08-09-2013, 04:24 PM	#11
garce Confirmed User Industry Role: Join Date: Oct 2001 Location: Toronto Posts: 7,103	That's less than the amount that the Government gave Fanny Mae to bail them out. Let. Them. All. Die.

08-09-2013, 04:39 PM	#12
Seth Manson Please dont fuck animals Industry Role: Join Date: Jul 2010 Location: Henderson, NV Posts: 3,988	I dont have a problem with this

08-09-2013, 05:46 PM	#13
JP-pornshooter Confirmed User Join Date: Sep 2006 Location: westcoast usa Posts: 4,007	ok what about the policeman's pension fund who invested in this company, they are just screwed because the US government says it is ok for them to change the terms of loan pay back? Instead of taking 10% as what was originally agreed we will just take 100% and even after all the bailout money has been paid back to us we will still remain in control over this company, effectively changing it to a government asset. (wait a sec, isnt that what communist totalitarian governments do?) __________________ "Obscenity is whatever gives the Judge an erection." -- Author Unknown

08-09-2013, 08:33 PM	#14
pamon Confirmed User Industry Role: Join Date: Dec 2007 Posts: 3,107	that mortgage mess took down everyone and now the companies are making it all back thanks to government bailouts. The banks took the money, used it to generate interest free loans, and never paid it bank either. Should have let them fail. __________________ Email: [email protected] Skype: davidamodt. / TG: Davidamodt US Adult Content & Porn Writer Project/Sites/Tubes/Reviews & More

08-09-2013, 09:45 PM	#15
TheSquealer BANNED Industry Role: Join Date: Oct 2004 Location: In Your Head Posts: 25,102	"The bailout was borne out of the government’s desperate attempts not to put the two companies’ trillions of debt on its books. Even though the government thought they were worthless, the common stock and preferred stock were left outstanding, so it could be argued that the two government-sponsored enterprises were still independent. At the time, the government likely thought this wouldn't be a problem because Fannie and Freddie were thought to be insolvent. But by 2012, Fannie and Freddie unexpectedly turned back into profitable firms. Seeking a way to keep the common and preferred stock worth nothing, the government changed the way the two paid their dividends in a fashion that meant all dividends went directly to Treasury – that any remaining common and preferred-stock holders would receive nothing." __________________ . Yes, fewer illegal immigrants working equates to more job opportunities for American citizens. Rochard

08-10-2013, 09:34 AM	#16
halfpint GFY's Halfpint Industry Role: Join Date: Jun 2007 Location: UK Posts: 15,223	When ever I here the name Fannie mae it always remind me of pussy cause here in the UK we call pussy - fanny __________________ Get FREE website listings on Cryptocoinshops.net Last edited by halfpint; 08-10-2013 at 09:35 AM..

08-10-2013, 06:56 PM	#17
ajrocks Confirmed User Join Date: Nov 2004 Location: On Uranus Posts: 4,526	I don't think it was a loan as much as a forced bail out. They should have all the money returned to tax payers as soon as possible. __________________ SEO Strategy - Digital Strategy - Cannabis Lead Generation Skype aj.durden1

08-10-2013, 07:39 PM	#19
Vendzilla Biker Gnome Industry Role: Join Date: Mar 2004 Location: cell#324 Posts: 23,200	Hey, you know that most of the deficit is borrowed from Social Security right? __________________ Webair died? Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that

08-11-2013, 02:57 AM	#20
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	yeah, who'd have thought the government would actually want their loan money BACK???????? they should have let the fucking company fail and let all the investors loose everything if America was capitalist. idiot __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

08-11-2013, 06:58 AM	#21
beerptrol Confirmed Asshole Industry Role: Join Date: Feb 2003 Location: Half way between sobriety and fubar. Posts: 12,722	They didn't steal shit you dumb fuck! "What kind of anti capitalism is that?" The kind where the gov bailed their ass out instead of letting them go under like a real capitalist would have

08-11-2013, 08:09 AM	#22
NinjaSteve Too lazy to set a custom title Industry Role: Join Date: Dec 2003 Posts: 11,089	To the negative inputters - so you've never had a credit card? __________________ ...