08 November 2007

Fannie, Freddie loans under review by NY AG - Nov. 7, 2007

6 days ago, I noted Andrew Cuomo's investigation of collusion between banks and property assessors.

Now, he has expanded the investigation to include Fannie Mae and Freddie Mac.

I think that we are going to find that corruption was the rule, not the exception, in the real estate bubble, at all levels.

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