Great post mrfidlsticks,GSE Reform And A Conspiracy of Silence By David Fiderer
just shows how a small group can be swayed with some green backs and then have the ability to sway washington like a flock of Geese Wallison, Calomiris, Pinto and Pollock all got paid by the American Enterprise Institute. And that Wallison and Jaffee were paid by a Koch Brothers think tank, the Mercatus Center. The American Enterprise Institute also receives funding from the Koch brothers. Vern McKinley had also completed work for AEI and the Koch Brothers’ Cato Institute. and then add legitimacy to the big Lie using the Brookings institute as a platform . Even the Staffers of the FCIC could not break threw to the truth when they repeatedly questioned Pinto "They kept asking him one simple question: How do you reconcile your risk categories with loan performance? How can you assess risk if you ignore data on delinquency, foreclosures and loss severity? Pinto had no answer. He had no answer then; he has no answer today. Instead, he offered up a series of tangents and non-sequiturs, lengthy studies filled with half-lies and distortions, all used to distract away from the one essential question that defines capitalism: Which loans pay back and which ones don’t The chasm between Pinto’s predictions and actual results spoke for itself. FCIC staffers—who carefully reviewed all of Pinto's submissions and met with him nine times—failed to see how his work could offer useful insights"
hard to believe all this is still relatively unknown or ignored.
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