Welcome login | signup
Language en es fr
OccupyForum

Forum Post: (((Video))): A New Investigation Reveals that Taxpayer-Owned Mortgage Giant, Freddie Mac, Made Multi-Billion-Dollar Investments that Profited if Borrowers Stayed Stuck in High-Interest Mortgages (DemocracyNow!)

Posted 2 years ago on Feb. 3, 2012, 8:55 a.m. EST by MonetizingDiscontent (1257)
This content is user submitted and not an official statement

A new investigation reveals that taxpayer-owned mortgage giant, Freddie Mac, made Multi-Billion-Dollar investments that profited if borrowers Stayed Stuck in High-Interest Mortgages


Taxpayer-Funded Freddie Mac Caught Betting Billions Against Struggling American Homeowners

((((DemocracyNow!Video))) http://www.democracynow.org/2012/1/31/taxpayer_funded_freddie_mac_caught_betting
-January 31, 2012-

(DemocracyNow!) As homeowners across the nation struggle to keep up with mortgage payments—and in the worse cases face foreclosure—a new investigation reveals that taxpayer-owned mortgage giant, Freddie Mac, made multi-billion-dollar investments that profited if borrowers stayed stuck in high-interest mortgages. Freddie Mac began increasing these investments dramatically in late 2010, at the same time it was making it harder for homeowners to get out of such mortgages. Several U.S. lawmakers and prominent economists are now calling for Congress and the White House to end this financial conflict of interest. This comes just one week after President Obama promised "no more red tape" for homeowners looking to refinance. We speak with Jesse Eisinger, a Pulitzer Prize-winning senior reporter at ProPublica, who co-authored the investigative report with NPR news. [includes rush transcript]


Florida Attorney General's Attempt to Subpoena Foreclosure Mills Stalls

http://www.palmbeachpost.com/money/florida-attorney-generals-attempt-to-subpoena-foreclosure-mills-2144794.html

-Feb. 2, 2012-

1 Comments

1 Comments


Read the Rules
[-] 1 points by MonetizingDiscontent (1257) 2 years ago

Again I ask, is this the best government that...ahem...money can buy? You have to wonder what their definition of representation is.