http://www.contrarianprofits.com/articles/4-things-you-didnt-know-about-fannie-and-freddie/5323 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 24 Nov 2009 15:08:08 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.contrarianprofits.com/articles/4-things-you-didnt-know-about-fannie-and-freddie/5323/comment-page-1#comment-3920 Jim Putnam Fri, 12 Sep 2008 16:04:40 +0000 http://www.contrarianprofits.com/articles/4-things-you-didnt-know-about-fannie-and-freddie/5323#comment-3920 Mr. Ely's continuing jabs at the Farm Credit System (FCS) "bailout" may be good propoganda but not very factual. The facts are that the FCS did borrow $1.26 billion backed by the full faith of the Federal government during the late 1980s. These bonds were repaid in full, principal and interest, by the FCS with the last payment made in 2005. There was no taxpayer money involved in the Federal government assisting certain FCS institutions in stabilizing themselves during that time. Today, the FCS is doing well in meeting its mission of serving farmers and rural America as they navigate the crosswinds of a very challenging economy. Mr. Ely’s continuing jabs at the Farm Credit System (FCS) “bailout” may be good propoganda but not very factual. The facts are that the FCS did borrow $1.26 billion backed by the full faith of the Federal government during the late 1980s. These bonds were repaid in full, principal and interest, by the FCS with the last payment made in 2005. There was no taxpayer money involved in the Federal government assisting certain FCS institutions in stabilizing themselves during that time. Today, the FCS is doing well in meeting its mission of serving farmers and rural America as they navigate the crosswinds of a very challenging economy.

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