Skip to comments.Internal Warnings Sounded on Loans At Fannie, Freddie
Posted on 12/09/2008 8:30:14 AM PST by Renkluaf
Internal Freddie Mac documents show that senior executives at the company were warned years ago that they were offering mortgages that could pose dangers to the firm, hurt borrowers and generate more risky loans throughout the industry.
(Excerpt) Read more at washingtonpost.com ...
Gee, I always thought that their mandate was singular, to create a secondary market for mortgages. Now we get to see the inside dirt and not one Dim will take a fall as a result.
On second thought, NBC and MSM will probably continue to cover this up
for their own internal financial, political-manipulating,
corrupt and pro-terrorist reasons.
Somewhat amusing how all the corruption is just now beginning to see the light of day.
amazingly enough, the Today show had a little piece on fannie and freddie,, and even showed how Raines, Johnson and Gorelick benefitted... but no mention of party affiliation or who they were major donors too..
little by little, maybe the media will finally come around to the realization that their kids could end up in the poorhouse as easily as anyone with dems in power... at least they will know the whos and whys.. their audience will still be scratching their heads tho. ;-)
absolute power corrupts absolutely.
Was it Fannie or Freddie that Bawney Fwank was banging?
I think it was Freddie's Fannie. Or was it Fannie's Freddie?
More aptly, who was it banging Bawney...???
He’ll bwang anythang’!
LOL!! Begs the question...does Bawney pitch or catch?
I am a bit shocked that the waPo would print this. Good thing to see.
“Was it Fannie or Freddie that Bawney Fwank was banging?”
We all know that Bawney Fwank is fond of “fannie” — “Freddie’s fannie”.
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