Wednesday, December 10, 2008

Internal Warnings Sounded on Loans At Fannie, Freddie - washingtonpost.com

Internal Warnings Sounded on Loans At Fannie, Freddie - washingtonpost.com: "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."
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A House Committee on Oversight and Government Reform is jumping right on this. About five years too late.

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