A Real Mortgage Fraud: Pre-Bailout Bailouts!
October 25, 2010
Gary D. Barnett
10/25/2010
How can the government slow or stop the bank and mortgage company bailouts that they have vowed to do, this to satisfy the duped voters, without actually stopping the bailouts at all? They can and are doing what I call a pre-bailout bailout. How in the world does this work?
I don’t think there is much argument that the government sponsored and now nationalized enterprises, Fannie Mae and Freddie Mac, supply approximately 90% of all home mortgages in this country. Herein lies the problem.
And now… the rest of the story. …..
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One Comment
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Harold
its hard to believe that things have gotten to this level of fraud and bailouts of the banks when they knew how bad these loans were and now we all get to pay for it .. good post
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