Sunday, January 23, 2011

Banks Want Pieces of Fannie-Freddie Pie

I could not even believe the following article when I read it.

It seems there is no end to the greed of these banks. As if they haven't sucked enough life out of the American public and our economy, it seems the money vampires are looking to take another bite. What I find the most shocking is how they come right out in the open with their plan.


      "Wells Fargo and some other large banks would like private companies, perhaps even themselves, to become the new housing finance giants helping to bundle individual mortgages into securities — that would be stamped with a government guarantee."

Read the full article here

1 comment:


The banks generally get what they want.