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Loan Modification

: Mortgage Lender Implode-o-Meter

Treasury Confirms That The Definitive Treasury-AIG-Fed Shell Game Will Proceed As Planned

By Implode-Explode Heavy Industries

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"Reuters has just confirmed what even a retarded, diapered, midget money will immediately grasp is nothing but a shell game of massive proportions. Basically the Treasury has announced it will proceed with a plan to give AIG the $22 billion released by various TARP repayments (presumably in the form of a loan), so that... drumroll, AIG can buy back the Fed's preferred stock interests in various layers of the AIG cap structure."

Full post as published by Mortgage Lender Implode-o-Meter on November 01, 2010 (boomark / email).

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