Fannie, Freddie, Fraud
Jan 14th, 2010 | By Patrick Cox | Category: Featured, Macro Economics, Technology
Last week, new research from Edward Pinto, a former chief credit officer for Fannie Mae and a housing expert, began to penetrate the media fog. Pinto has documented that as far back as 1993, Fannie and Freddie were buying risky subprime and Alt-A loans, but routinely misrepresenting them as prime.
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