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Obama's Parting Gift to Blackstone Billionaire Buddy Schwarzman

By Robert Sproul following x   2017 Jan 29, 4:43pm 1,877 views   5 comments   watch   sfw   quote     share    

"Mortgage giant Fannie Mae is getting into the single-family rental business in a big way.

The government-backed agency said it is going into business with private equity giant and major housing player Blackstone by backing $1 billion in debt. Blackstone's Invitation Homes filed for an initial public offering this week, and the Fannie Mae relationship was disclosed afterward. Blackstone is looking to raise $1.6 billion by selling shares to the public.

Fannie Mae, currently under government conservatorship, will back $1 billion in debt collateralized by rental homes owned by Blackstone.”

When asked why, A Fannie Mae representative said “Fuck you in the ass, that’s fucking why.... Bitch."


1   Tenpoundbass   ignore (11)   2017 Jan 29, 4:54pm   ↑ like (0)   ↓ dislike (2)   quote   flag        

Still better than Ben Afleck bitches

2   HEY YOU   ignore (7)   2017 Jan 29, 5:07pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Will djt & the republicans stop this?

3   Robert Sproul   ignore (0)   2017 Jan 29, 6:18pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anonymous says

Sounds more like the IPO etc. was perfectly timed to coincide with Trumpligula's inauguration.

The history of animus with Obama is interesting.
Somebody in his administration engineered this absurd, gratuitous, handout.

4   Robert Sproul   ignore (0)   2017 Jan 29, 6:43pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anonymous says

playing both sides of the aisle so they have a winning hand regardless of what party is in power.

Certainly, many of them do.

OK, OK, my clickbait title was poor.
My point was WHY IN GOD'S NAME was it the business of Fannie Mae, or in the best interest of the American people, to backstop this deal?

5   Tenpoundbass   ignore (11)   2017 Dec 2, 6:07am   ↑ like (1)   ↓ dislike (1)   quote   flag        

Put a Federal property tax on each rental unit.

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