So the treasury is going to buy these bad mortgages ?
Will the treasury have the right to foreclose on these homes or take
the people to court or rewrite the mortgage terms.. how does that all
work ? Does anybody have any details on how the Treasury is doing
this ?
.
Re: do " galinskiego" do pustego lba lopata nalozyc trza!!! ... trades in junk mortgages and bought counter-party coverage from the A.I.G. ... the U.S. Treasury and Federal Reserve have radically changed the ... But the combination of powerful computers and the ... (soc.culture.polish)
Financial Bailout: , Americas Own Kleptocracy by Dr. Michael Hudson ... On Sunday, September 7, the Treasury took on the $5.3 trillion mortgage exposure of Fannie Mae and Freddie Mac, whose heads already had been removed for accounting fraud. ... On Monday, September 15, Lehman Brothers went bankrupt, when prospective Wall Street buyers couldn't gain any sense of reality from its financial books. ... On Wednesday the Federal Reserve agreed to make good for at least $85 billion in the just-pretend "insured" winnings owed to financial gamblers who bet on computer-driven trades in junk mortgages and bought counter-party coverage from the A.I.G.. ... (sci.econ)
Re: Is this the end of America? ... trillion, or 40%, of all U.S. mortgages, with $168 billion in subprime ...regulating the GSEs to Treasury, that it would have hastened the ... It was Treasury, after all, that had the ... (soc.retirement)
