In light of the news regarding the newly leaked secret treasury documents, I want to share a nice little gem. It’s a report produced on October 26,2012 entitled “FHFA Updates Projections of Potential Draws for Fannie Mae and Freddie Mac.” I have attached a PDF file below. Keep in mind the Third Amendment Sweep was signed in August of 2012 to be effective September 30,2012. On page 8 they state,”Furthermore, over the projection period the Enterprises pay additional dividends of $78 billion in Scenario 1 to $32 billion in Scenario 3.” The projection period was from June 2012 to December 2015. This report was released on October 26,2012 less than a month after the governments Soviet-style profit grab took effect, the government acknowledges that even under the worst case scenario Fannie and Freddie would turn a 32 billion dollar profit by December 2015. The mid-range scenario based on Moody’s “Current Baseline” house price paths produce a whopping 72 billion-dollar profit.
Once again we let the government tell you all you need to know in their own words. With discovery in full swing and reams of documents exchanging hands as we speak, we have only seen the tip of the iceberg. Keep the Faith!

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