HOOOOLY SHIT!

[hedgehog]

Freddie Mac "has invested billions of dollars betting that U.S. homeowners won't be able to refinance their mortgages at today's lower rates, according to an investigation by NPR and ProPublica, an independent, nonprofit newsroom."

http://www.npr.org/blogs/thetwo-way/2012/02/02/146214885/freddie-macs-conflict-is-unsavory-shocking-stunning-key-senators-say

Ed DeMarco: Public Enemy
Democrats are furious that the housing-finance regulator won't hand out more taxpayer dollars through mortgage principal reductions.

http://online.wsj.com/article/SB10001424052970203687504577001962437746618.html

[boston bean]

1. This shit needs to end!

oh no, we can't modify mortgages, we make $$ when the borrowers fail.

It's a scam. And any congress person who doesn't make votes in favor of regulating this BS is an enemy of the people.

[hedgehog]

4. The best part is that the fellow who is in charge

of keeping an eye on Freddie Mac is a Bush holdover; Senate Republicans have blocked Obama's appointment for three years!

[BillyV123]

2. Assholes to the right of me...

And Now A Word From An Asshole.Thoughts at 3 A.M.: The Politics of Professor Snark http://thoughtsatthreeam.blogspot.com/2012/02/and-now-word-from-asshole.html?spref=tw

[The Backlash Cometh]

3. What's a good interest rate these days?

If you google they'll just give you a figure that draws you in, but won't necessarily be available.

[midnight]

5. Another example of the banks and congress working together...