Money that Would Have Helped Low Income Families Afford Homes
The explosive information from last week that the Obama Administration was taking money from Fannie Mae and Freddy Mac to pay for Obamacare moved from online news sites to cable television as Maria Bartiromo emphasized it on Fox News.
— TheAdvoQT (@TheAdvoQT) March 12, 2017
The money could have otherwise helped low income families buy homes in rural areas across the country, and in inner cities that voted overwhelmingly for Barack Obama in 2008 and 2012.
According to documents presented by Infowars, the Obama administration planned in 2011 to take funds from Fannie Mae and Freddy Mac, two Government Sponsored Organizations that helped provide middle-class Americans with home loans, in order to fund his failing healthcare plan.
What the Treasury document reveals is that top Obama Treasury officials engineered the “Net Worth Swap” as the strategy designed to “wind down” Fannie and Freddie, so the GSEs ultimately could be closed altogether.
Financial expert Joshua Rosner concluded that the actions of the Obama administration were premeditated and defended with false statements, which lead to the eventual bankruptcy of Fannie Mae and Freddie Mac.
The Obama administration implemented this strategy knowing that this would lead to fewer mortgages for the middle-class in the future, depriving the market power of public financing, while concentrating the mortgage market into the grasp of Wall Street and big global banks – the “too big to fail” the Democrats relied on as top financial donors to Hillary Clinton’s 2016 presidential campaign.
Essentially, Obama’s White House took away affordable housing for the middle class to give them Obamacare. The $260 billion diverted to the U.S. Treasury under the “Net Worth Swap” to fund Obamacare is perhaps the largest theft in U.S. financial history of stock dividend payments from private investors – the legal and rightful recipients of those dividend payments.