Articles Archive for December 2007
Finance News »
Sunday, December 9, 2007 (SF Chronicle)
MORTGAGE MELTDOWN/Interest rate ‘freeze’ – the real story is fraud/Bankers pay lip service to families while scurrying to avert suits, prison
Sean Olender
New proposals to ease our great mortgage meltdown keep rolling in. First the Treasury Department urged the creation of a new fund that would buy risky mortgage bonds as a tactic to hide what those bonds were really worth. (Not much.) Then the idea was to use Fannie Mae and Freddie Mac to buy the risky loans, even if it was clear that U.S. …
