snippet: “Eliminating mortgage fraud and fraud in general will be a main focus at Fannie, Freddie, and the Federal Home Loan Banks.“
This statement sets Fear and Trembling among Fannie and Freddie Board Members and Officers, and most likely in more than just a few lower management personnel, who are blameworthy of the Fraud Mr. Pulte is referring to, and Corruption.
Privatizing is kid's play compared to the importance of stamping out Fraud, Corruption, Self-Dealing, Kickbacking, Exrtortion, Bribery, Insider Trading and Tipping, and other Wrongful Conduct in Fannie Mae and Freddie Mac operations.
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