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Stocks F / Freddie Mac


Subject:  Lockhart and Paulson killed Community Banking Date:  3/27/2010  12:53 PM
Author:  dpsimswm Number:  273 of 275

Jim Lockhart, former head at the FHFA, tried to kill community banking. First he encouraged banks to buy GSE Preferred stock, then he allowed Paulson to takeover the companies and use the money to pay off the Chinese. It's all captured in two video posts.

VIDEO 1 - Congressman Manzullo admits the ponzi scheme last Tuesday and asks Geithner how it can be fixed.

VIDEO 2 - Lockhart admits that his new company is profiting from foreclosures and he wants to get rid of community banks.

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