Tax Cheat Geithner is a modern day Robin Hood!
Geithnerís Math Puzzle Beyond Numbers for DeMarco
Timothy F. Geithner is giving Edward J. DeMarco, Fannie Mae and Freddie Macís overseer, some math homework. For DeMarco, itís also a psychology question. Geithner, the U.S. Treasury secretary, is offering new incentive payments to the two government-supported mortgage financiers if DeMarco drops his opposition to principal reductions for homeowners whose loans are backed by the companies. Geithner told Congress yesterday he was sure the economics would work in favor of debt reductions ďin some circumstances.Ē The Treasury would pay a maximum of 63 cents for each dollar of loan forgiveness as part of its expanded Home Affordable ... (full story)
- Posted: Mar 29, 2012 2:37pm
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 918