- Nov 13, 2009
- Reaction score
- Political Leaning
- Slightly Liberal
Translation: Oh ****. I don't have an argument. Therefore I'm going to criticize him in the hopes that it subsitutes for my total lack of actual relevant reply.
Freddie Mac (FHLMC)(FRE) Annual Report (10K) Quarterly Report (10Q)
Buckmaster Annual Stockholder Reports - Company Detail: Freddie Mac
Way to fail there Conservative.
You do know what a 10k is no? I bet not.
Good luck proving that my argument is wrong. Not that you ever can. To anyone.
Most actually. Considering the subsidization of the American market by the government from agriculture to energy, it's rampant.
Yeah...cuz I base my arguments on facts. Like $10 billion budgetary deficit is not a surplus.
Can less than 1/2 a percent of the economy cause the entire economy to virtually collapse? Well, Conservative thinks so.
I have just looked at a few posts, so perhaps am off point. As far as Fannie and Freddie being profitable or not, currently they are in conservatorship because they are effectively insolvent. Estimates are that losses for these companies, will be in the neighborhood of $400-500 billion. So just like wall street firms that booked profits and then found that they were going broke, looking at historical 10Ks dooes not tell the final story of profitability for these companies.
As you probably know Fannie, Freddie, FHA etc make up something like 90 percent of the current mortgage market. That is why the administration is so fearful of letting them go away. Not sure what in 1/2 of 1% of the economy is referring to so I will skip that one.