The Last Chance Of Freedom

It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.

Tuesday, January 31, 2012

ProPublica’s Off Base Charges About Freddie Mac’s Mortgage “Bets”

Yves Smith

A new ProPublica story, “Freddie Mac Betting Against Struggling Homeowners,” treats the fact that Freddie Mac

retains the riskiest tranche of its mortgage bond offering, known as inverse floaters, as heinous and evidence of scheming against suffering borrowers.

The storyline in this piece is neat, plausible, and utterly wrong. And my e-mail traffic indicates that people who are reasonably finance savvy but don’t know the mortgage

bond space have bought the uninformed and conspiratorial ProPublica thesis hook, line, and sinker.

Read more: http://www.nakedcapitalism.com/2012/01/propublicas-off-base-charges-about-freddie-macs-mortgage-bets.html

The Last Chance Of Freedom

Elections have consequences, so it is important that voters who want to save our democracy, should v

Tuesday, January 31, 2012

ProPublica’s Off Base Charges About Freddie Mac’s Mortgage “Bets”

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