Banking, Currency & Money

Fannie Mae and Ginnie Mae are Private Corporations

Ginnie Mae
Fannie Mae (FNMA) and Ginnie Mae (GNMA) are private corporations with a unique advantage. The largest, FNMA has become a $4.5 trillion company that pumps cheap money to primary market lenders by paying cash for the mortgages which these companies originate. Once a large quantity has been accumulated, they bundle these mortgages into Mortgage Backed Securities, (MBS), for sale through securities dealers. To aid in their marketing is an implicit Government guarantee that investors will receive principal and interest payments regardless of what happens to the underlying mortgages. This transfers that risk effectively into the Treasury of the United States.
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Banking, Currency & Money

Who Owns America? CEDE & DTCC

If You Have Stocks, Bonds Or Securities, You Do Not Own Them: Cede & Co. Does. Who Owns Your Residential Mortgage? Cede & Co. Does. Who Caused The Collapse Of The American Economy? DTCC, DTC & Cede & Co. Did.
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Banking, Currency & Money

The Truth About Money

The Truth About Money
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