US Treasury to sell $142 bn of mortgage assets

Jump to Last Post 1-5 of 5 discussions (5 posts)
  1. Stacie L profile image87
    Stacie Lposted 7 years ago

    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. … rtyfinance

    a win-win for all? roll

  2. GmaGoldie profile image75
    GmaGoldieposted 7 years ago

    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?

  3. JON EWALL profile image74
    JON EWALLposted 7 years ago

    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?

  4. 4closurefraud32 profile image60
    4closurefraud32posted 7 years ago

    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! smile

  5. AnnCee profile image70
    AnnCeeposted 7 years ago … 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.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, 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:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis 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 ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis 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 LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis 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 YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis 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 LoginYou 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)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe 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 PixelsWe 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.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore 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 PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)