Wednesday, January 15, 2014
Not Another Housing Scam
FBI suspects front running of Fannie, Freddie in swaps market
"Wall Street traders may be manipulating a key derivatives market and front running Fannie Mae and Freddie Mac, hurting the US-owned mortgage giants in the process, according to an FBI intelligence bulletin". There won't be a rule change to correct this because the crooks write the rules, just like the UK.
Posted by alan @ 09:05 AM (1456 views)
One thought on “Not Another Housing Scam”
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libertas says:
Fannie & Freddie bemoan being front run, when their role is to front run the market!! Sweet justice.