2012-01-31 22:55:19

Freddie Mac Bets on Failure: DN! 01/31/12

Journalist, Jesse Eisenger, from ProPublica talks on Democracy Now! about an article he wrote that appeared in NPR News about Freddie Mac betting on struggling homeowners. They would lose money if a lot of people were able to get refinances. At the same time, they made it harder for people to get those refinances because they are key gatekeepers of who gets loans, even though they are suppose to exist to help people get loans. He comments on Newt Gingrich, although he does not appear in the article, saying that he has run into political trouble because his involvement with Freddie Mac appears like lobbying.

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