Wednesday, September 18, 2019

GSEs loan sharking

Oh this is just too good....

LOL!!! I guess they "never read the MMT literature!" where they would have learned they only should ask for a basis point above FFR!!!

Two government-backed financial giants, Fannie Mae and the Federal Home Loan Banks, both stepped up their repo lending at higher rates on Tuesday, according to people familiar with the matter. 
The home-loan banks, a network of government-backed lenders, were offering to lend overnight at 4% Tuesday morning, twice the recent going rate.

Government owned and operated sitting on hoards of system Reserve Assets!!!!  LOL!!!!!

Hey maybe they were trying to get a better deal for the taxpayers!!!!  LOL!!!!!  Reduce "the deficit!".... LOL!!!!

Jealous that they don't get the IOR so trying to make it up by asking for double the rate?!?!?!  LOL!!!!

Then think of all the moron lefty losers going all around blaming every world ill on the "neoliberal conspiracy!" operated by all those "greedy banksters!"  LOL!!!!