Freddie Mac-No Politics (FMCC)

[955]

A mere pittance of the actual damage losses they caused by misrepresenting subprime, alt-A, no-doc, junk loans that were rated AAA by the 3 major ratings agencies, Standard & Poors, Fitch and Moody's who testified before Congress that ratings were just their opinions and not to be used in financial decisions. What a CROC! All rubber stamped by Eric Holder and the Obama Admin. Over a TRILLION in total damages to the US economy.

navycmdr

Re: None

Tuesday, 10/24/2023 8:34:13 AM

Criminal BANKS like BofA & Wells Fargo got ALL the PROFITS & paid a

very small Fine for their ILLEGAL ACTS ... it CONTINUES 15 YEARS TO DATE

the UNPAID VICTIMS are the FANNIE/FREDDIE SHAREHOLDERS