Posted on Thursday, 5th August 2010 by chrisjones

Rumors have begun to swirl that the Obama Administration, facing what are very likely to be catastrophic losses in November, have cooked up a last-gasp attempt to prove that they are doing something about the economy.  The plan is to have FNMA/FHLMC (Fannie and Freddie to you and me) forgive billions in mortgage debt owed [...]

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