Comments on: Fannie/Freddie support increased Option ARMageddon Tue, 14 Oct 2014 13:06:34 +0000 hourly 1 By: Scott Schaefer Mon, 28 Dec 2009 18:52:40 +0000 Reply To “What Do I Know”
Re: Purchase Reporting on Treasury Statement

GSE MBS purchases by Treasury are reported only on the Monthly Treasury Statement; see Schedule E (Net Activity, Guaranteed and Direct Loan Financing), under Dept of Treasury. Page 27 if you are looking at Nov, 2009.

These purchases accounted for 80% of all non-TARP Schedule E activities in fiscal 2009, and 50% in first two months of fiscal 2010

By: But What do I Know? Sun, 27 Dec 2009 06:53:41 +0000 So, is there a difference if the Treasury creates money out of thin air to buy MBS or the Fed creates money out of thin air to buy MBS? Of course, it is a bit surprising–and the fact that the news was released on Christmas Eve means the Powers That Be are ashamed of admitting it–but it does reveal a vital fact: the Boyz in Washington are scared to death of higher mortgage interest rates and will do almost anything to keep them down. If Bernanke won’t be suckered into doing it anymore than the Treasury will just have to do it directly.

I am curious, however, as to where these purchases show up on the daily or monthly Treasury statement. With my admittedly rudimentary knowledge I can’t find a line item for them. Can anyone help?

By: Rick Sat, 26 Dec 2009 02:04:02 +0000 Another sign, that this economy is all smoke and mirrors. The collapse is coming very soon now. Cash, gold, silver and land, so you can eat.

By: Michael Ostrolenk Fri, 25 Dec 2009 23:59:20 +0000 A left/right effort against bailing out Freddie and calling for an investigation of Rahm Emanuel.

FYI: Jane Hamsher, Grover Norquist Call for Rahm Emanuel’s Resignation msher-grover-norquist-call-rahm-emanuel s-resignation

By: Ed Fri, 25 Dec 2009 17:12:37 +0000 Clean the system! Show the people these compelling, very instructive histories — ongoingly:

“Real Homes, Real Dow” at tml

By: CB Fri, 25 Dec 2009 06:59:53 +0000 Just the other day I sold a “Victory Liberty Loan” medallion on Ebay. These were awarded to those who bought war bonds to support the U.S. WWI war effort.

How times have changed. Now our money is taken without even asking for it and taken before we even earn it. Whether it’s spent in Iraq and Afghanistan or with Fannie and Freddie, most people don’t even realize how much they are in debt thanks to Uncle Sam.

Think there is any chance a medallion that says something like “The Involuntary Bail-Out” will be issued (to every man, woman and child in the U.S.)?