US Treasury to sell $142 bn of mortgage assets
WASHINGTON (AFP) – The US Treasury Department on Monday said it would start selling-off mortgage-backed securities worth an estimated $142 billion, in an effort to close another chapter of the financial crisis.
The department said each month it will offload up to $10 billion in mortgage-backed securities (MBS), assets which bundle together large numbers of mortgages....
The products, secured by state-backed mortgage giants Fannie Mae and Freddie Mac, were bought as part of the 2008-2009 financial sector bailout.
...The Treasury has recently offloaded equity stakes in Citigroup, General Motors, Ally Financial and American International Group that it took on to help them survive the crisis.
AIG recently offered to buy back $15.7 billion in mortgage-backed securities from the Federal Reserve as part of its effort to emerge from a government bailout.
http://news.yahoo.com/s/afp/20110321/ts … rtyfinance
a win-win for all?
America needs to start buying its assets.
The worst part of the financial crisis is we are no longer owners - will this further deplete our American ownership?
China is lowering its stake in America - will the BRIC countries buy these assets?
How will the global economy change?
A note of interest that one will not see reported in the media.
It was reported on 3/23/11 that the Federal Reserve Central Bank is making a record $79.3 billion payment for 2010 to the US Treasury. In 2009 the Fed paid into the treasury $47.4 billion which was the previous record. The Federal Reserve central bank earned a record $81.7 billion from its massive holdings of securities which were purchased to help stabilize the financial systems and pull the economy out of the recession. A portion of the earnings goes to funding the Fed, which receives no appropriations from Congress. Any money left over is turned over to the US Treasury Department.
The money returned should be used to pay down the deficits according to the Tarp Legislation. The battle in Congress is for the Obama administration to use the money to pay down the debt as required by the law. The question is will President Barak Obama and Congress follow the law?
Wow... if only people knew how deep this rabbit hole went. Hmmm... so now, these Mortgage Backed Securities - owned by the REAL investors who hold our mortgage notes are being sold. Not only do these investors hold our mortgages, the banks and lenders who collect on our monthly payments claim to hold them... that isn't possible because of securitization, but far too many people don't know this.
The truth is for all of these MBS that are being sold - the homes and mortgages secured by them should be terminated. If the MBS are selling your mortgage note, there is no reason a bank or lender can still claim they own it!
Great post... thanks for the info!
http://dailybail.com/home/inside-job-dy … rguso.html
I read the first four chapters of THE CREATURE FROM JEKYLL ISLAND, by G. Edward Griffin. It is about the cartel known as the Federal Reserve. Every American should read this book.
http://www.youtube.com/watch?v=8fkPQEPfq54
http://www.youtube.com/watch?v=8fkPQEPfq54
by jerryl 14 years ago
Millions of people do not understand that we have a debt monetary system.The actual creation of money (always) involves the extension of credit by private commercial banks.This means interest bearing loans, so all M1 money in existence is debt. There is never any money created to pay the...
by fishskinfreak2008 14 years ago
These include: BOA, AIG, GM, Chrysler and Citigroup. THIS IS LONG OVERDUE
by Moderndayslave 12 years ago
With the Gramm, Leach, Bliley Act effectively pulling the teeth from Glass Steagall and the Commodities Futures Modernization Act of 2000 opening the casino doors for Wall St. Did senator Phill Gramm and Congress effectively set up America for the financial looting we are enduring...
by Sharlee 4 years ago
President Trump has requested 4,5 billion to help alleviate growing problems at the border. Last month over 140 thousand immigrants entered the USA. The request includes $3.3 billion to shelter the growing number of migrants and to process and handle their arrival, $1.1 billion...
by Ralph Deeds 15 years ago
Paul Krugman's column in the NYTimes today 1-5-08 is entitled "Fighting Off Depression." In it he called the recent economic numbers "terrifying," not just in the U.S. but around the world. Manufacturing in particular is plunging everywhere; banks aren't lending; businesses and...
by American View 12 years ago
I cannot wait to hear the responses on this one. A day after Obama was threatening how he will not pay the armed services, not pay Social Security, not fund Medicare, and more. "we do not have the money to pay these things We need to rasie taxes" I agree with him on eliminating tax breaks...
Copyright © 2024 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2024 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |