Who covered up Freddie Mac and Fannie Mae?
posted by pylornsWatch this video:
Rep. Maxine Waters: The report cites a December 2004 Los Angeles Times investigation disclosing how members of the congresswoman’s family have made more than $1 million in the last eight years by doing business with companies, candidates and causes that Waters has helped. Before publication of the Times investigation last year, Waters declined to be interviewed, but said of her family members: “They do their business, and I do mine.”
Tags: cover, Democrats, fannie, freddie, mac, mae, republicans, up
Posted in Politics, news |
October 1st, 2008 at 8:31 pm
To keep up with Wall Street expectations, Fannie Mae held onto more mortgages and mortgage-backed securities for investment purposes. The same practice nearly drove the company into bankruptcy in the early 1980s. Once again it was spared in 2008.
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