This is GREAT!
Quote:
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They buy mortgages from smaller institutions, repackage them and resell them as securities: a critical function in keeping liquidity in the housing market.
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YEa smaller institutions like the liberal scumbags at the FHA and VA,
why did they leave out that 90% of their portfolio comes from other liberal scumbag agencies?
This is yet another misrepresentation-they ORIGINATE probably close to half their own paper.
No way Break! Of course they do, the FHA and VA do not have their own lending people,
they use Freddie and Fannie-
such a fukkin joke,
sure Aly-Obama is for free market accountability and McCain is for bailing out the liberal scumbags at Fannie Mae and Freddie Mac. Fukkin hilarious!