Bipartisan Infrastructure Funding Package that Sells Off Government Assets to Pay for Program on Way

JD Sat, 06/09/2018 - 16:57

A bipartisan group of lawmakers is working on an infrastructure package to help America’s poorest communities, Breitbart News has learned.

http://www.breitbart.com/big-government/2018/06/08/exclusive-bipartisan-...

What is the category of this post? (choose up to 2): 
JD's picture
About the author
JD is a moderator, Gardener is site administrator
"The only no-compromise gun lobby in Washington"– Ron Paul https://gunowners.org/
 

 

jdayh's picture

heres a short excerpt ....

Currently, federal agencies hold more than $2 trillion in debt and lease asset. The sale of a portion of these assets, if expedited, could raise a significant amount of money. The sale of these fixed-rated debt assets at this time will maximize asset value. Interest rates are on the rise, and the Federal Reserve’s quantitative tightening program is on the horizon. As interest rates rise, the value of the agency assets will decline — perhaps substantially. Importantly, the sales will not alter the terms of the loans. The consumer protection obligations associated with eligible Department of Agriculture loans and guarantees will convey with the sale, thereby minimizing impact on borrowers.

"I predict a Donald Trump landslide"
Jdayh