Comments on: Fannie/Freddie MBS: Have You Ever Seen One? Bill Gross Must Not Have.

By: Mr. Mortgage’s Guide to the TRUTH! » CBO to Hank Paulson: You Want ‘Em, You Take ‘Em!

Fri, 12 Sep 2008 04:13:56 +0000

[...] FateFannie/Freddie – Massive Fraud BreakdownFannie/Freddie – The Game Has Changed. ENRON on SteriodsFannie/Freddie MBS: Have You Ever Seen One? Bill Gross Must Not Have.Fannie/Freddie…Now We Wait For Help or HELL9% of All Mortgages in [...]

By: Mr. Mortgage’s Guide to the TRUTH! » Final Phonie/Fraudie Thoughts Before Market Decides Fate

Mon, 08 Sep 2008 15:10:25 +0000

By: What If!!!

What If!!! — Sun, 07 Sep 2008 23:13:20 +0000

“what if” the sky is falling….

“What if” the sun doesn’t come up….

“What if” aliens land and take you all back to the mother ship….

By: joeshwingding

joeshwingding — Sun, 07 Sep 2008 22:58:37 +0000

jaybee said
The taxpayers are NOT going to start paying $5 trillion of mortgage principal and interest next week. Or the week after. Those payments will be made by homeowners, and Fan and Fred stockholders, preferred holders, and bond holders, and then new homeowners via foreclosure before one penny comes out of the Treasury.

jaybee – have you read the proposal yet or are you just spouting off the top of your head.
First of all the deal allows the Treasury to purchase up to $100 Billion of F&F stock. Since when is the Federal gov’t allowed to speculate in the market?
Secondly the deal they plan to implement is to give homeowners at risk lower than real interest rates.
If only 10% of homeowners are causing this meltdown, offering at risk homeowners that shouldn’t have bought better rates than the rest of the FHA mortgage borrowers just what do you think that is going to cause? I’ll tell ya.
A tidal wave of new foreclosures pollyanna.

By: Innocent Bystander

Innocent Bystander — Sun, 07 Sep 2008 16:55:04 +0000

Somewhere there is trillions in over the counter derivatives awaiting completion of this bailout (already deemed lawful), derivatives leveraged far more than a taxpayer/homeowner could possibly leverage.

Using the analogy that if you don’t upgrade the fire system in my house the whole block or city will burn down in case of fire. Unfortunately there is not enough funds to upgrade all the houses. One saved the rest burn.

By: jaybee

jaybee — Sun, 07 Sep 2008 13:16:55 +0000

Marc, please share with us the incredibly in-depth analysis that you did in support of those claims!

Got data? Or get slander suit?

(I love the part about not paying any taxes. Where did you come up with that one?)

By: Marc Authier

Marc Authier — Sun, 07 Sep 2008 09:43:12 +0000

The problem is that Bill Gross will take a much bigger commission than you dear bonholder of PIMPCO. Bill will get a big fat management commission for doing strictly NOTHING.

Bill wil probably not pay one cent of income taxes either. As for you dear ordinary american slave taxpayer you will be paying higher taxes, higher interests rates and get as a premium higher inflation and unemployment too. That’s why Bill Gross bailout’s is nice for him not for you dear PIMPCO bondholder or/and taxpayer. You will get the crumbs and Bill will get the cake.

By: Willie Bangs

Willie Bangs — Sun, 07 Sep 2008 05:11:34 +0000

Whoa, this story above, the fraud needs to be brought to the attention of the american people. Every person should know about the crooks that are running this country. Will this be another spin job?
Isn’t the CEO of Freddie or Fannie a classmate of George Bush’s? and I think he was paid $11million a year? Why hasn’t he been fired. Didn’t GB want to privatize Freedie and or Fannie this last January?
Maybe someone will find those answers for me.

thanks
Willie

By: dr

dr — Sun, 07 Sep 2008 04:23:49 +0000

http://dailybriefing.blogs.fortune.cnn.com/2008/09/04/pimcos-gross-wants-household-bailouts/

By: jaybee

jaybee — Sun, 07 Sep 2008 02:56:02 +0000

That’s right, HousingRealist. And let’s remember, this is really the taxpayers bailing out the taxpayers. Who does MR Mortgage think owns all those PIMCO funds? Who does Mr Mortgage think owns all the homes that even he thinks would be collateral damage if this thing spirals out of control? This is really the taxpayers bailing out the taxpayers.